According to an official notice on November 4, 2025, the European Commission has initiated an in-depth investigation into the proposed acquisition of Anglo American's Brazilian nickel business by MMG. MMG is a multinational mining and metals company, controlled by the Chinese state-owned China Minmetals Corporation.

The Commission has preliminary concerns that the deal could allow MMG to redirect ferronickel supply, a key material for stainless steel, away from European markets, which might lead to a rise in European stainless steel production costs and a drop in product quality.

MMG submitted commitments to address the concerns; however, they were purely behavioral and didn’t involve any structural changes to the business. Therefore, these commitments were thought insufficient.

The Commission will make a decision by March 20, 2026.

Source: yieh.com