According to an official notification dated November 4, 2025, the European Commission has opened an in-depth investigation into the planned acquisition of Anglo American’s Brazilian nickel business by MMG, writes agronews.ua.
MMG is an international mining and metals company controlled by the Chinese state-owned corporation China Minmetals Corporation.
The Commission had expressed preliminary concerns that the deal could allow MMG to redirect supplies of ferronickel — a key material for the production of stainless steel — around European markets, which could lead to an increase in the cost of stainless steel production in the EU and a deterioration in product quality.
MMG submitted commitments to address these concerns, but they were purely behavioral in nature and did not involve any structural changes in the business. Therefore, the Commission found these measures insufficient.
The European Commission must make a final decision by March 20, 2026.
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