[SMM Flash News] EU May Formally Object to MMG’s $500 Million Acquisition of Anglo American’s Brazilian Nickel Assets

Published: Sep 14, 2026 00:23

Save

EU regulators are preparing to issue a statement of objections to MMG over its proposed $500 million acquisition of Anglo American’s Brazilian nickel business, according to media reports. The transaction covers the operating Barro Alto and Codemin ferronickel assets and two undeveloped projects. The European Commission opened an in-depth investigation in November 2025 over concerns that MMG, which is controlled by state-owned China Minmetals, could redirect low-carbon ferronickel away from Europe, potentially raising costs for regional stainless steel producers. MMG argues that it has neither the ability nor incentive to restrict European supply, while Anglo American maintains that the market has gained additional ferronickel capacity and customers can switch suppliers. The review remains ongoing, and no final decision has been announced.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

7 mins ago

SHFE tin closed at 404,090 yuan in the night session, down 1.51%, falling below the 410,000 mark. LME tin was at $53,200/mt, down 1.69% [SMM Tin Morning Update]

[SMM Tin Morning Update: SHFE tin closed at 404,090 yuan in the night session, down 1.51%, falling below the 410,000 yuan mark; LME tin was at $53,200/mt, down 1.69%]

7 mins ago

9 mins ago

SHFE tin fell 5.09% cumulatively this week, giving back gains as the 410,000 level came under pressure again [SMM Tin Morning Meeting Summary]

[SMM Morning Meeting Summary: SHFE tin fell 5.09% this week, giving back gains as the 410,000 level comes under pressure again]

9 mins ago

24 mins ago

SHFE and LME weaken in tandem, breaking the consolidation pattern; lead prices under pressure [SMM Lead Morning Meeting Summary]

24 mins ago