Washington Examiner
Mining companies are announcing record-high business deals as miners battle for control over minerals needed to make electric cars and other green energy infrastructure, paving the way for the world’s largest miners to seal their biggest deals in more than 10 years.
The revived deal-making comes as mining companies seek to boost their production of metals such as copper, nickel, and lithium, which are expected to grow in demand as more countries shift their focus to renewable energy sources. As a result, mining companies have reported more than $65 million in pending and completed deals so far this year — nearly double the number reported in the same time frame last year.
It’s not guaranteed all those deals will be completed, but the number indicates a strong interest among mining companies to get a headstart as countries transition to different energy sources. That’s especially true for copper mines, which some experts expect to rise in interest because it’s far easier to purchase one than to build a new one.
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