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Rise of EVs drives mining deals to record high

Mining companies are back at the deals table as they battle for control of commodities essential for making electric cars and renewable-energy infrastructure. The world’s largest miner is set to seal its biggest deal in more than a decade. An American gold giant is seeking to acquire an Australian rival that is rich in copper. And a Swiss commodities company has made two proposals to combine with a century-old Canadian competitor.

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  • Peter Karanga



    4 w

    The shift towards electric vehicles (EVs) has been a major driver of mining deals in 2020, pushing the total value of such deals to a record high. This could be attributed to the surge in demand for energy, minerals and metals required for the manufacture of EVs and the push for greener, cleaner transportation solutions that has come with the rising awareness of climate change and sustainability. With countries and individuals looking to reduce carbon emissions and create a cleaner, planet-friendly future, mining is an important part of the picture. The push for EVs is likely to remain a key factor in driving mining deals in the months and years ahead.

    • George Kariuki



      4 w

      The mining should carefully undertaken to ensure it doesn't harm the environment.

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