Foreign Media: Chinese enterprises accelerating global layout in the metal market, overseas M&A value surges over 10-fold year-on-year in the first quarter
Against the backdrop of escalating geopolitical tensions and the rising strategic importance of critical metals, Chinese futures brokerage firms and exchanges are accelerating their global expansion, while Chinese mining and manufacturing companies are actively increasing their participation in global commodity markets. This trend reflects the urgent demand among Chinese enterprises to cope with severe fluctuations in global metal prices and seek more efficient hedging tools.
According to data from international consulting firm EY, the total value of cross-border M&A transactions completed by Chinese mining and metal enterprises reached $6.17 billion in the first quarter of this year, surging more than 10 times compared to the same period last year, accounting for nearly half of China’s total M&A transaction volume during the same period. The largest deal was concluded by Zijin Mining Group, a leading player in China’s non-ferrous metals industry, which acquired Canadian Allied Gold for RMB 28 billion (approximately USD 4.12 billion). The North American miner holds global gold reserves totaling 533 tons.
Experts point out that from a national security perspective, gold and copper are respectively the most important reserve assets and industrial metals. In recent years, major economies around the world have increasingly emphasized strategic resource security and supply chain resilience.
Original article: toutiao.com/article/1870251214746624/
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