Goldman Sachs mid-year report: critical minerals M&A accelerates, miners turn to integrated strategies

Accelerating M&A

In a mid-year report dated August 4, 2026, Goldman Sachs noted that M&A activity in critical minerals is accelerating, with companies increasingly adopting integrated 'mine-to-magnet' strategies to secure supply chain stability.

Integrated Strategies

This trend is set against surging demand from artificial intelligence, electric vehicles and the energy transition. The report specifically highlighted that M&A activity in copper and rare earths is heating up.