EU antitrust objection to MMG-Anglo American nickel deal flags low-carbon ferronickel competition

The European Commission issued a Statement of Objections to MMG over its proposed acquisition of Anglo American's nickel business, citing potential competition restrictions in the low-carbon ferronickel market. This marks a formal regulatory hurdle for the deal, which may require remedies or be blocked. The outcome could affect nickel supply dynamics for stainless steel producers in Europe.