LatAm Mining M&A Shines with Copper and Precious Metals While Lithium Loses Its Luster
By?Velizar Velikov, Head of EMIS M&A Database
Latin America’s mining sector remains a hotbed of M&A activity, with copper and precious metals driving investor interest, even as lithium begins to fade from the spotlight.
Copper: The Metal of the Future
Global mining giant BHP projects copper demand to grow by an average of 2.6% annually until 2035, a notable jump from the 1.9% annual growth seen in the 15 years leading up to 2021. This surge is attributed to the increasing adoption of copper-intensive technologies, such as battery-powered electric vehicles, which has sparked a global rush for copper assets. Latin America, particularly Chile and Argentina, has emerged as a key beneficiary of this trend.
BHP plans to pour up to USD 14 bn into boosting copper production in Chile. Among the most prominent M&A deals in Chile since the beginning of 2024 is Canadian mining giant Lundin Mining’s USD 350mn acquisition of an additional 19% stake in the Caserones copper-molybdenum mine. In July, Canadian miner Capstone Copper secured the Sierra Norte iron oxide copper gold project in Chile’s Atacama Region for USD 28.9mn.
Read the full article?here
EMIS Insights - Vietnam Mining Sector Report 2024-205
Vietnam's mining sector has been overshadowed by agriculture and manufacturing for years. State monopolies and cumbersome legal framework have stifled foreign investment, which has led to the use of obsolete extraction technology and equipment.
As Vietnam is home to the world's second-largest deposits of rare-earth metals, which are an essential resource for the development of cutting-edge technology, the sector has huge potential to grow.
This sample report provides a comprehensive sector overview, with access to:
Download sample report?here
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