Analysis of the key themes driving M&A activity reveals that batteries accounted for 8 mining deals announced in Q1 2022, worth a total value of $542.7m, according to GlobalData’s Deals Database. The $8.8m acquisition of Qinghai Qaidam Xinghua Lithium Salt by Huizhou Yiwei Lithium Energy was the industry’s largest disclosed deal.
In value terms, batteries related deal activity increased by 236% in Q1 2022 compared with the previous quarter’s total of $161.5m and rose by 13674% as compared to Q1 2021. Related deal volume increased by 100% in Q1 2022 versus the previous quarter and was 167% higher than in Q1 2021.
