PMT Megathread, page-868

THE QUESTION IN NOT IF AN OFFER WILL COME O PMET RIGHT AFTER MRE....BUT HOW MANY WILL COME
https://community.ionanalytics.com/record-ma-in-mining

The global rush to find and secure metals and minerals critical for the energy transition, including lithium, nickel and copper, has lifted dealmaking in North America’s mining sector to the highest levels in decades.M&A volume reached USD 40.6bn in the year to date (YTD) — the highest since Mergermarket records began in 1995.A big part is dominated by Glencore’s [NYSE:GLEN] bid in April for Teck Resources [TSX: TECK.A and TECK.B, NYSE: TECK], valued at USD 32bn including debt, which the Canadian miner of copper and steelmaking coal rejected.But an increasing proportion of M&A is being driven by the hunt to secure electric-vehicle (EV) battery metals such as lithium and nickel in North America, as suppliers aim to lessen their dependence on China. “This is our time,” George Pirie, minister of mines of the Canadian province of Ontario, said at a mining event in June. Ontario has significant lithium reserves in brine reservoirs below dried lake beds and houses several battery-grade nickel projects.M&A activity in North America’s lithium sector is likely to reach a record high this year as miners scramble to secure deposits of the silver-white metal. Annual demand is expected to grow 22x by 2050, mostly buoyed by EV industry growth, according to BloombergNEF’s 2023 Electric Vehicle Outlook.Carmakers line upEven more deals are expected.For example, Sigma Lithium Resources [TSX-V:SGMA], which owns the Brazilian Grota do Cirilo project that is billed as the largest lithium hard rock deposit in the Americas, is reportedly being circled by Tianqi Lithium [SHE:002466], Ganfeng Lithium [SHE:002460], as well as Tesla [NASDAQ:TSLA]. Other automakers are interested in investing directly in mining projects or companies to bring down the cost of battery cells. Stellantis [NYSE:MTA] agreed to acquire a 11.5% stakein Alliance Nickel in April and Ford [NYSE:F] announced its investment in a nickel-processing plant in Indonesia in March.“The car companies have been coming closer to the mindset that is appropriate to the mining industry,” said Martin Turenne, president and CEO of Canadian junior nickel mining company FPX Nickel [TSX-V]. “They are [now] seeking... ownership of the mining assets themselves.”Dealmaking could even lead strategic investors to the bottom of the Pacific Ocean.Canadian deep-sea minerals exploration company The Metals Company [NASDAQ:TMC] has received interest in its flagship project NORI-D from the electric-vehicle industry, said CFO Craig Shesky. Sitting between Hawaii and Mexico, NORI-D holds inferred resources of 356 million tons of seabed nodules, or tennis-ball sized pieces of rock which contain manganese, nickel, copper, and cobalt —all used to manufacture EVs.