European Commission officials are reviewing Anglo American’s proposed $500 million divestment of Brazilian nickel assets to Hong Kong‑listed MMG, with remedies under discussion after concerns that the deal could constrain supply for European customers. According to people familiar with the process on October 29, 2025, one remedy floated involved Anglo committing to buy ferronickel from MMG for resale in Europe over a 10‑year period, but regulators have yet to seek market feedback and the adequacy of proposals remains uncertain. The preliminary review is expected to conclude by November 4. The transaction forms part of Anglo’s portfolio streamlining amid a re‑rating of base‑metals businesses, while MMG seeks to expand in battery metals. The EU’s scrutiny comes against a backdrop of heightened sensitivity to supply concentration and China‑linked ownership in critical minerals. Any conditions could shape how much material is ultimately available to EU stainless steel and alloy producers, many of whom faced tight feedstock earlier this year due to mine disruptions and lower concentrate availability. Both companies said they remain engaged with regulators to ensure competition is preserved and European buyers have continuity of supply. A protracted review could delay closing and create near‑term uncertainty in regional procurement plans for nickel units used in stainless steel and battery supply chains.