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22. October 2025
Bmo Capital Markets Sweeps Metals And Mining Ma Scene
The metals and mining sector experienced a surge in mergers and acquisitions (M&A) activity during the first three quarters of 2025, with BMO Capital Markets emerging as the top financial adviser for this period. According to GlobalData’s latest league table, BMO advised on 12 deals valued at $7.3 billion, securing the top position in both deal value and volume.
This was a significant achievement, with BMO surpassing its closest rivals, JP Morgan and CIBC Capital Markets, in terms of total deal value. The metals and mining sector has been experiencing a period of consolidation, with companies looking to expand their operations and increase their market share. This trend is expected to continue throughout 2025, driven by factors such as rising demand for metals and minerals, technological advancements, and increasing competition.
BMO’s success in the metals and mining sector can be attributed to its extensive network of clients and its ability to provide expert advice on complex deals. The firm’s team of experienced dealmakers has a deep understanding of the sector, having worked on numerous high-profile transactions over the years. One of BMO’s notable successes during this period was its involvement in the $2.5 billion acquisition of a leading copper producer by a global mining company.
GlobalData lead analyst Aurojyoti Bose noted that BMO’s success was driven by its ability to navigate complex deals and provide expert advice on high-value transactions. “BMO Capital Markets was the only adviser to hit double-digit deal volume during Q1–Q3 2025,” he said. “Moreover, some of the deals advised by it were big-ticket deals, which helped it occupy the top spot by value as well.”
In terms of deal volume, Evans & Evans secured the second position with seven deals, while Beaumont Cornish took third place due to lesser-value deals. CIBC Capital Markets and National Bank of Canada completed the top five, with deal values of $4.4 billion and $2.6 billion, respectively.
The metals and mining sector has also seen significant changes in terms of regulatory environment. The US government’s shift in policy towards a more relaxed approach to trade has had a positive impact on the sector, as companies are now able to navigate international markets with greater ease. However, this shift also presents challenges for companies operating in the sector, particularly those that rely heavily on imported materials or equipment.
As a result, many firms are seeking to diversify their supply chains and reduce their dependence on imports. To stay ahead of the competition, BMO Capital Markets is focusing on developing its expertise in these areas, as well as providing expert advice on M&A transactions and strategic partnerships.
Herbert Smith Freehills emerged as the leading mergers and acquisitions (M&A) legal adviser in the metals and mining sector during the first three quarters of 2025. Cassels Brock & Blackwell led in volume by advising on 16 deals.
The metals and mining sector is likely to continue experiencing significant changes and challenges in the coming months, driven by factors such as rising demand for metals and minerals, technological advancements, and increasing competition. Firms like BMO Capital Markets will play an increasingly important role in helping companies navigate these changes and capitalize on emerging opportunities.
To achieve success in this rapidly evolving space, firms must be able to stay adaptable and responsive to changing market conditions, possessing the expertise and capabilities needed to provide expert advice and guidance to clients. This requires a deep understanding of the sector’s complexities and nuances, as well as the ability to stay up-to-date with the latest developments in policy priorities, technological advancements, and market trends.
Firms like BMO Capital Markets will play an increasingly important role in helping companies navigate the challenges and opportunities presented by shifting policy priorities, technological advancements, and market trends. By staying adaptable and responsive to changing market conditions, possessing expertise and capabilities needed to provide expert advice and guidance to clients, they can help companies operating in this space capitalize on emerging opportunities.
The metals and mining sector is a highly dynamic and rapidly evolving industry, driven by factors such as rising demand for metals and minerals, technological advancements, and increasing competition. Firms must be able to stay up-to-date with the latest developments in policy priorities, technological advancements, and market trends.
In order to achieve success in this space, firms need to possess a deep understanding of the sector’s complexities and nuances, as well as the ability to provide expert advice and guidance to clients. By doing so, they can help companies operating in this space navigate the complexities of an increasingly dynamic regulatory environment and capitalize on emerging opportunities.
As the global economy continues to evolve, it is essential for firms like BMO Capital Markets to stay ahead of the curve and develop their expertise in areas such as supply chain diversification and M&A transactions. By doing so, they can provide expert advice and guidance to companies operating in this space and help them navigate the complexities of an increasingly dynamic regulatory environment.
The key to success in this rapidly evolving space will be for firms to stay adaptable and responsive to changing market conditions, possessing expertise and capabilities needed to provide expert advice and guidance to clients.