GCG’s Q3 2021 Metals & Mining Industry Update provides an overview of the latest trends in the sector, including recent performance, valuation multiples, and the state of the middle-market M&A environment.
Key findings include the following:
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- Public equities across most segments of the Metals & Mining industry saw a slight decrease in Q3 2021 compared to the large rebound that was demonstrated in the second half of 2020 and the first half of 2021.
- On a 3-year period ending in September 2021, the Lithium and Precious Metals sectors have outpaced the S&P 500, which has had a 54.4% return. Strong performance is expected to continue in the coming years.
- The volume of M&A activity in the Metals & Mining industry continued to decrease in Q3 2021 with 200 deals closed, versus 256 during the prior quarter. Interestingly, the average deal value (based on transactions with reported values only) is about 1.3x larger in Q3, even with the decrease in activity.
Click here for the full update.