Market Reports

Anglo American Sells Brazilian Nickel Assets for $500 Million in Bold Restructuring Move

By RT Staff Reporters · February 19, 2025 · 2 min read

Anglo American, a British mining giant, announced on February 18, 2025, via a press release, that it sold its Brazilian nickel business to MMG for up to $500 million.

This deal marks a key step in its global restructuring, launched nine months ago, to focus on copper, iron ore, and agricultural nutrients. MMG, a subsidiary of China Minmetals, now enters Brazil’s nickel market with this acquisition.

The transaction covers two operating mines, Barro Alto and Codemin in Goiás, which produced 39,400 tons of nickel in 2024. It also includes two development projects, Jacaré in Pará with 300 million tons of resources and Morro Sem Boné in Mato Grosso with 65 million tons.

MMG pays $350 million upfront, with $100 million tied to nickel prices and $50 million linked to future project decisions, set to close by Q3 2025. This sale follows Anglo American’s rejection of BHP’s $43 billion takeover bid in May 2024, prompting a strategic shift.

The company aims to generate $5.3 billion from this deal and a prior coal sale in Australia. CEO Duncan Wanblad stated it simplifies the portfolio, boosting value after a competitive bidding process.

Anglo American Sells Brazilian Nickel Assets for $500 Million in Bold Restructuring Move. (Photo Internet reproduction)

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Strategic Shifts in Mining

Meanwhile, MMG’s CEO Cao Liang emphasized the deal diversifies their copper and zinc-heavy operations, strengthening their Latin American presence. Nickel, vital for stainless steel and EV batteries, trades at $15,271 per ton, facing oversupply pressure from Indonesia.

Yet, demand may rise with EV growth, making Jacaré and Morro Sem Boné valuable long-term assets. Barro Alto stands out as the only nickel mine globally certified at IRMA 75 for sustainability, a rare feat achieved in 2024.

Anglo American retains its $12 billion Minas-Rio iron ore project in Brazil, ensuring a foothold there. The company’s stock, at £2,469.50, reflects a 39% rise over 12 months, valuing it at £29.9 billion.

This move highlights Anglo American’s pragmatic pivot amid shareholder pressure and MMG’s calculated expansion. It underscores a shifting mining landscape, where strategic sales reshape global supply chains for critical metals.

Live Market IntelligenceBrazil — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Brazil — Live Market Board

B3 · São Paulo
Jul 16, 2026 · 18:19

Ibovespa · benchmark

173,825.27
-1.24%

L 173,537day rangeH 176,011

+28.27% over 12 months

Market breadth · 15 names

20% advancing

3 ▲ advancing12 declining ▼

Currencies, rates & key inputs

USD / BRL

5.10

+0.45%

EUR / BRL

5.84

+0.52%

Selic rate

14.25%

·

Brent crude

84.86

-0.11%

Iron ore

161.91

·

Sector heatmap · average move today

Materials

+0.53%

SUZB3

Consumer Staples

+0.19%

ABEV3

Consumer Disc.

-0.70%

AZZA3

Financials

-0.82%

ITUB4, BBDC4, BBAS3, B3SA3

Energy

-1.48%

PETR4, PRIO3

Mining

-1.97%

VALE3, CSNA3, GGBR4

Industrials

-2.72%

WEGE3, RENT3

Utilities

-3.71%

ENEV3

Latin America scoreboard

IndexLastTodayStrength

IbovespaBrazil
173,825.27
-1.24%

S&P/BMV IPCMexico
66,409.65
-0.18%

S&P IPSAChile
10,947.38
-0.70%

S&P MERVALArgentina
3,222,931
-2.08%

MSCI COLCAPColombia
2,267.96
-1.05%

BVL S&P PerúPeru
57,112.22
—

Full instrument board

Instrument	Last	Change	YoY	Prev.	High	Low	Volume
IBOV	173,825.27	-1.24%	+28.27%	176,010.90	176,011	173,537	—
USD/BRL	5.10	+0.45%	-8.09%	5.08	5.11	5.07	—
SELIC	14.25%		—	—	—	—	—
PETR4	39.89	-1.72%	+25.48%	40.59	40.86	39.89	20,460,600
VALE3	72.98	-2.05%	+34.15%	74.51	74.08	72.54	12,952,200
ITUB4	42.55	-1.37%	+24.54%	43.14	43.23	42.34	18,138,800
BBDC4	18.41	-1.02%	+14.63%	18.60	18.54	18.19	19,579,300
BBAS3	20.76	+1.02%	-0.57%	20.55	20.82	20.45	15,277,600
B3SA3	15.39	-1.91%	+12.50%	15.69	15.72	15.24	31,040,600
ABEV3	15.60	+0.19%	+14.04%	15.57	15.71	15.46	20,801,700
WEGE3	43.49	-1.74%	+5.76%	44.26	44.35	43.12	5,647,100
PRIO3	56.79	-1.23%	+33.97%	57.50	57.95	56.79	3,779,400
SUZB3	41.70	+0.53%	-17.46%	41.48	42.18	41.38	4,334,100
RENT3	38.86	-3.69%	+5.03%	40.35	40.25	38.63	5,993,900
AZZA3	18.53	-0.70%	-48.83%	18.66	18.84	18.30	1,186,600
CSNA3	5.10	-2.67%	-36.25%	5.24	5.20	5.10	8,771,300
GGBR4	23.91	-1.20%	+44.65%	24.20	24.37	23.80	7,992,200
ENEV3	25.95	-3.71%	+86.69%	26.95	26.88	25.83	11,323,800

Largest moves today

ENEV3
25.95
-3.71%

RENT3
38.86
-3.69%

CSNA3
5.10
-2.67%

VALE3
72.98
-2.05%

B3SA3
15.39
-1.91%

WEGE3
43.49
-1.74%

PETR4
39.89
-1.72%

ITUB4
42.55
-1.37%

The session read

The Ibovespa eased 1.24%, with breadth negative — 3 of 15 names higher. Materials led, while Utilities lagged.

From The Rio Times

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Anglo American Sells Brazilian Nickel Assets for $500 Million in Bold Restructuring Move

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