Anglo American Stock News

MMG was hit with an EU antitrust warning on Wednesday over its plan ​to buy Anglo American's Brazilian nickel business, as regulators said the ‌Hong Kong-listed mining and metals company may divert the supply away from Europe, hurting European stainless steel producers.

Copper prices hit a record high Tuesday due to concerns over potential U.S. tariffs and supply problems amid surging demand for AI data-center infrastructure.

EU regulators are preparing to warn Hong Kong-listed mining and metals company MMG over its plan to ​buy Anglo American's Brazilian nickel business because of competition concerns, three ‌people familiar with the matter said.

Diversified mining groups are shifting their capital allocation strategies toward copper expansion to secure higher market valuations, according to a research report from investment bank UBS. Analyst Daniel Major noted that major miners navigated their first-half financial results without severe guidance downgrades despite persistent cost inflation.

Mining bosses say that regulatory scrutiny of major mergers is increasing as governments pay closer attention to critical minerals and security of supply ​in the face of a volatile geopolitical backdrop, but they do not see the shift as a fundamental barrier ‌to dealmaking.

Panumre Liberum argue that copper offers gold's inflation protection, plus an industrial-backed demand growth story, as well as a relative immunity to movements in interest rates.

The U.K. mining group—which is in the process of merging with Canada's Teck Resources—reported a narrowed net loss due to smaller write-downs on assets it is selling.