Anglo American stock slips as EU reviews Brazil nickel sale

Anglo American stock traded at 46.05 euros on Lang & Schwarz at 17:03 CET on Tuesday, November 10, 2026, 1.05 percent below the Xetra close of Monday, November 9.

Nickel sale remains under review

Anglo American and MMG have extended the deadline for their proposed Brazilian nickel transaction to December 31, 2026. The extension keeps the sale alive while the European Commission examines whether the acquisition could affect ferronickel supplies to European stainless steel producers.

BNamericas reported that the original October 31 deadline was extended after the parties continued to face regulatory challenges. The transaction covers the Barro Alto and Codemin ferronickel operations in Brazil, along with the Morro Sem Bone and Jacare projects.

What changed for the stock

The latest quote compares with 46.64 euros in the relevant Anglo American report published on November 9, a decline of 1.27 percent. That move is separate from the 1.05 percent daily decline against the Monday Xetra close.

The European review remains the next major transaction milestone. MMG has said it will continue working with Anglo American and the European Commission, but the deadline extension does not represent regulatory approval or completion. For Anglo American, a successful sale would support its planned exit from Brazilian nickel, while a blocked transaction would leave the future of the assets unresolved.

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