BMO Capital Markets was the top financial adviser for mergers and acquisitions (M&A) deals in the global metals and mining sector by deal value and volume in the first half (H1) of 2020, having advised on 12 deals worth US$4.4bn, according to GlobalData, a leading data and analytics company.

Aurojyoti Bose, Financial Deals Analyst at GlobalData, comments: “BMO Capital Markets was the only adviser to showcase double-digit deal volume. The firm also managed to advise on eight US$100m+ deals including one billion-dollar deal worth greater than or equal to US$1bn, which helped the firm secure top position.”

JP Morgan occupied second position by value as well as volume with six deals worth US$2.9bn, followed by The Bank of Nova Scotia with six deals worth US$2.7bn.

The number of deals announced in the metals and mining sector increased by 6.5% from 690 in H1 2019 to 735 in H1 2020, according to GlobalData’s Financial Deals Database. However, deal value decreased by 36.8% from US$29.7bn in H1 2019 to US$18.8bn in H1 2020.