EU Probes Chinese Bid for Brazilian Nickel Assets Amid Fears of Rare Earth-Style Dependency

EU Probes Chinese Bid for Brazilian Nickel Assets Amid Fears of Rare Earth-Style Dependency

In Brazil’s vast mining heartlands, a $500 million transaction is under fire, exposing the high-stakes geopolitics of resource control. Anglo American’s proposed sale of its nickel assets—including the productive Barro Alto and Codemin mines in Goiás, yielding 40,000 metric tons of ferronickel annually—to MMG, a subsidiary of China’s state-owned China Minmetals, has triggered a Phase […]

Brussels to probe China-backed Anglo nickel deal

THE European Commission is to launch an investigation into the $500m sale of Anglo American’s nickel business to Chinese company MMG, said the Financial Times citing two officials briefed on the matter. A concern is the deal will consolidate Beijing’s dominance over metals essential to energy transition, the newspaper said. MMG is controlled by state-owned China Minmetals. Tensions between the EU and China regarding rare earth access are high af…