Mining M&A hits new highs after $93bn worth of deals in 2025Mining M&A deal value reached record highs in 2025Global merger and acquisition activity in the mining sector hit a thirteen year high last year, as demand for critical minerals ramped up. The aggregate value of global mining M&A activity hit $93.7bn (£67.9bn), the highest annual total since 2012 when $129.3bn of transactions were recorded, according to the latest survey from law firm White & Case. 2026 outlookOver 30 per cent of respondents expect strategic partnerships to be the most likely type of transactional activity this coming year. Three in ten also predicted the gold market to experience the most M&A activity, expecting the asset to keep hitting highs off the back of geopolitical uncertainty, after it reached a staggering 53 new record breaking levels in 2025. This was closely followed by the critical minerals market, with 27 per cent anticipating it to see the highest levels of M&A action.