China's MMG Limited has committed to maintaining or increasing nickel supplies to Europe as its planned $500 million acquisition of Anglo American's Brazilian nickel operations faces regulatory scrutiny from European authorities. The European Commission expressed concerns on Wednesday regarding the transaction, warning that it could redirect low-carbon ferronickel supplies away from the European market. According to the Commission's statement, such a diversion of supply, combined with limited alternative supply sources, could adversely affect the price of low-carbon ferronickel in Europe, with potential negative consequences for the region's stainless steel producers and their operating costs.
The acquisition involves MMG's purchase of Anglo American's Brazilian nickel assets, which are part of the Codemin operation. The deal's approval now hinges on MMG's ability to address European Commission concerns about supply security and price stability in the European stainless steel market, a sector heavily dependent on reliable ferronickel sourcing. Source: Mining.com, September 17, 2026
Source: mining.com