EU Revives Investigation into MMG's Brazilian Nickel Acquisition

The investigation stalled last November when officials halted the clock, pointing to a failure by the parties involved to provide necessary documentation. By resuming the probe, the Commission signaled that the required data has finally reached regulators, allowing the assessment of potential market distortions to proceed.

At the heart of the inquiry lies the future of ferronickel supply chains. Brussels remains wary that the Hong Kong-listed mining group could divert essential supplies away from the European market, a move that would jeopardize the stability of regional stainless steel production. Regulators are now tasked with determining if the acquisition creates an unacceptable risk to local industrial interests.