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EU Regulators Reject Remedies, Launch Antitrust Review of Anglo American’s Nickel Sale

By  |  October 29, 2025

European Union regulators have opened an antitrust investigation into Anglo American’s planned $500 million sale of its Brazilian nickel operations to a unit of Hong Kong-listed MMG, after rejecting proposed concessions from the companies, according to Reuters.

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    The European Commission, which oversees competition policy across the bloc, turned down measures aimed at alleviating concerns that the deal might restrict Europe’s access to vital nickel supplies. Per Reuters, Anglo American and MMG had proposed a 10-year arrangement under which Anglo would continue buying ferronickel from MMG for resale within Europe. The plan was designed to reassure officials that European buyers would not lose access to the strategic metal amid growing global worries over China’s influence on critical mineral supply chains.

    Despite the companies’ efforts, the Commission has reportedly not sought feedback from industry rivals or customers regarding the proposed solution, suggesting ongoing concerns about potential market distortions. The EU regulator is expected to complete its preliminary review of the transaction by November 4, according to Reuters. The Commission has so far declined to comment publicly on the case.

    Related: Canada to Review $53 Billion Mining Merger of Anglo American and Teck

    In a joint statement, Anglo American and MMG confirmed that they are continuing to work closely with EU authorities to secure approval for the sale. “This includes the measures that we have recently put forward to ensure continued access to sustainable produced cupronickel, which we believe presents them the most positive outcome for customers,” the companies said. “We believe that European customers would support Anglo American’s ongoing role as a marketer of cupronickel, while supply competition in Europe would also increase with the addition of MM as a new supplier,” they added.

    The investigation underscores Brussels’ heightened scrutiny of transactions involving strategic minerals, particularly those linked to Chinese-controlled companies. As demand for materials used in electric vehicles and renewable energy technologies rises, the EU has sought to reduce its dependence on suppliers from geopolitical rivals.

    Source: Reuters