MMG faces EU antitrust warning over Anglo nickel deal
European regulators are expected to issue a statement of objections this month over MMG’s $500-million purchase of Anglo American’s Brazilian nickel assets, according to Reuters. The European Commission is examining whether the deal could tighten Europe’s access to ferronickel, a stainless-steel feedstock. MMG, controlled by state-owned China Minmetals, could still propose concessions before the notice is issued.
Why it matters: The case illustrates how competition policy is being used to manage Europe's exposure to Chinese-controlled critical mineral supply chains.