Battery Mats M&A activity hits multi-year high
M&A activity in battery materials continues to pick up. The last 12 months has seen c.US$7.9bn spent on M&A, with 33 deals. Lithium has seen the bulk of the activity, with US$6.3bn of deals, although nickel is catching up with US$1.5bn now spent or currently in play. Lithium M&A activity has now exceeded the levels it reached in 2018, and we expect it to continue to increase as prices rise and battery materials come more onto the radar screen. Subscribe for more information.