Chinese mining companies made the highest number of overseas acquisitions since 2013, with ten deals worth over $100 million in 2023, reflecting their aim to secure vital resources amid rising geopolitical tensions. Chinese firms are shifting focus to countries with looser regulations for mining assets, such as Brazil and Kazakhstan, as they face increasing restrictions in the United States, Canada and Australia.
Experts predict continued vigorous dealmaking from Chinese mining companies as they accept lower returns for control over critical minerals needed for technology.
