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1) Kinross Gold rejected a takeover bid in recent months made by Endeavour Mining. Endeavour Mining, which has backing from the Egyptian billionaire Naguib Sawiris, was considering a stock and cash deal for Kinross Gold. Also, according to people familiar with the matter, Endeavour held talks with potential partners to team up on a deal to acquire Kinross Gold. The talks only progressed to the initial stages, to to valuation issues, among other things. This is yet another example of the mergers and acquisitions happening in the industry as costs start to rise and the demand for raw materials expects to increase.
2) According to David Cole, the CEO of EMX Royalty, a company that specializes in exploration, royalty generation and strategic investments, copper is the most important bet among the metals, followed by nickel due to finding new assets can be hard due to uncertain prospective geologies. Also, as seen recently, global copper stocks are approaching lows resulting in heavy buying. This, combined with the demand forecasted due to the green energy transition, will result in the meteoric rise in the price and increase in mergers and acquisitions in the industry. We've seen copper already hit prices above $4 per pound and even major players acquiring competitors, looking to acquire and expanding projects or investments.