The leading merger and acquisition (M&A) deal for battery minerals between 2022 and June 2023 was the acquisition of Lithea by Ganfeng Lithium Group. The deal was announced in July 2022 and had an approximate value of 962 million U.S. dollars. Interestingly, two months later, Ganfeng Lithium was then the subject of an acquisition by an undisclosed acquirer.
Battery minerals refer to the minerals that are used in rechargeable batteries. They can include lithium, nickel, cobalt, graphite, manganese, alumina, tin, tantalum, vanadium, magnesium, and rare earth minerals, among others.
Leading battery minerals merger and acquisition deals worldwide in 2022, based on value
(in million U.S. dollars)
Target (acquirer, date announced)
Deal value in million U.S. dollars
Lithea (Ganfeng Lithium Group, July 2022)
962
Qinghai Dongtai Jinel Lithium Resources (undisclosed, February 2022)
529
Arena Minerals (Lithium Americas, December 2022)
277
Ganfeng Lithium Group (undisclosed, September 2022)
189
China Africa Industrial Unit - Four Lithium Mining Rights - Namibia (Sichuan Yahua Industrial Group, November 2022)
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Mining Technology. (June 8, 2023). Leading battery minerals merger and acquisition deals worldwide in 2022, based on value (in million U.S. dollars) [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/1400635/leading-battery-minerals-merger-and-acquisition-deals-worldwide/?session=7a7df21dd0a570152be2d96f753d4e40
Mining Technology. "Leading battery minerals merger and acquisition deals worldwide in 2022, based on value (in million U.S. dollars)." Chart. June 8, 2023. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/1400635/leading-battery-minerals-merger-and-acquisition-deals-worldwide/?session=7a7df21dd0a570152be2d96f753d4e40
Mining Technology. (2023). Leading battery minerals merger and acquisition deals worldwide in 2022, based on value (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/1400635/leading-battery-minerals-merger-and-acquisition-deals-worldwide/?session=7a7df21dd0a570152be2d96f753d4e40
Mining Technology. "Leading Battery Minerals Merger and Acquisition Deals Worldwide in 2022, Based on Value (in Million U.S. Dollars)." Statista, Statista Inc., 8 Jun 2023, https://www.statista.com/statistics/1400635/leading-battery-minerals-merger-and-acquisition-deals-worldwide/?session=7a7df21dd0a570152be2d96f753d4e40
Mining Technology, Leading battery minerals merger and acquisition deals worldwide in 2022, based on value (in million U.S. dollars) Statista, https://www.statista.com/statistics/1400635/leading-battery-minerals-merger-and-acquisition-deals-worldwide/?session=7a7df21dd0a570152be2d96f753d4e40 (last visited July 03, 2024)
Leading battery minerals merger and acquisition deals worldwide in 2022, based on value (in million U.S. dollars) [Graph], Mining Technology, June 8, 2023. [Online]. Available: https://www.statista.com/statistics/1400635/leading-battery-minerals-merger-and-acquisition-deals-worldwide/?session=7a7df21dd0a570152be2d96f753d4e40