ArcelorMittal is the metals and minerals company most prolific at making international expansions, followed by Norsk Hydro and Aditya Birla Management Corp. GlobalData’s metals and minerals foreign direct investment (FDI) company report highlights the current foreign investments made by leading metals and minerals investors. Buy the report here.

ArcelorMittal has been the most active metals and minerals greenfield investor between Q1 2019 and Q1 2024, according to GlobalData’s FDI Projects Database. The parent company has been actively investing through several of its subsidiaries/company divisions.

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Greenfield foreign direct investment is when a company invests abroad to establish a new physical presence or expand an existing operation. Greenfield investments create jobs and/or involve a capital investment into the foreign location. Other forms of FDI, such as mergers and acquisitions, are not included as part of this definition.

The majority of ArcelorMittal investments were in the iron, steel and ferroalloys subsector. In fact, 66.7% of its total foreign investments were in this subsector. It also created projects across a further 12 subsectors.

By business function, most (71%) of ArcelorMittal projects were related to manufacturing. R&D and Sales, administration & marketing were the next most popular operations undertaken by ArcelorMittal.

The company has been active across seven world regions, mainly focused on Western Europe which received 39.1% of the company’s greenfield investments between Q1 2019 and Q1 2024. Its top three destination countries (by number of greenfield FDI projects) were Brazil, France and India. Combined these three countries account for 72.9% of its total number of metals and minerals investments.

ArcelorMittal created more FDI projects in 2022 compared to any other year between Q1 2019 and Q1 2024.

Other leading FDI project generators in the metals and minerals industry include Norsk Hydro, Aditya Birla Management Corp Pvt, The Techint Group and Rio Tinto.

The US is the leading source market for outbound metals and minerals greenfield FDI projects. The country accounts for 9.7% of total outbound metals and minerals investment projects. There have been 105 unique parent companies from the US that have announced metals and minerals FDI projects between between Q1 2019 and Q1 2024.

To further understand the top metals and minerals FDI companies, access GlobalData’s Top metals and minerals Foreign Direct Investment Companies report.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s FDI Projects Database records greenfield FDI throughout the world in real-time. The data can be used to analyse company cross-border expansion activities as well as identify industry, thematic and geographic trends.