Brussels The European Commission has opened an in-depth antitrust investigation into the proposed acquisition of Anglo American’s nickel operations by MMG Limited, citing concerns over reduced competition in the nickel supply chain a critical component for electric vehicle batteries and green technologies.
Strategic Minerals Under Scrutiny
Nickel is a key raw material for battery production, especially in the fast-growing electric vehicle (EV) and renewable energy sectors. The Commission fears that the deal could limit access to high-grade nickel, potentially distorting competition and increasing dependency on a few dominant suppliers.
The transaction involves MMG, a global mining company with Chinese ownership, acquiring Anglo American’s nickel assets, which include operations in Brazil and other strategic regions.
Why the Investigation Matters
The Commission will assess:
- Whether the merger would significantly reduce competition in the nickel market
- Potential impacts on European manufacturers and green transition goals
- Risks of supply concentration and price manipulation
The probe reflects the EU’s broader push to secure critical raw materials and diversify supply chains, especially amid geopolitical tensions and rising demand for clean energy technologies.
Next Steps
The Commission has until March 18, 2026, to make a final decision. During this period, it will consult stakeholders, gather market data, and evaluate remedies if competition concerns are confirmed.
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