MMG, Anglo American say EU deal probe's China concerns lack economic rationale
By Nicholas Hirst ( August 27, 2026, 13:14 GMT | Comment) -- Concerns over MMG buying a Brazilian ferronickel mine from Anglo American to re-route the product to China are unfounded, the miners have told the EU's merger regulator, because they imply that MMG would accept losing tens of millions annually and estranging Wall Street investors. MMG and its Chinese owner say recent EU trade tariffs are a further argument against such a strategy. They also dispute the idea that the mine has market power over European stainless-steel producers.Would an Australian miner that's majority-owned by a Chinese state-owned entity stiff US investors, such as Vanguard and BlackRock, and take millions in losses on a Brazilian plant to boost China’s steel industry?...
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