OM Holdings Ltd. (AU:OMH) has released an update.
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OM Holdings Ltd. reports a productive first quarter of 2024, with increased production and sales of ferrosilicon and manganese alloys, and a successful transaction of more manganese ores leading to a 21.7% quarterly increase. The company has completed important maintenance and looks forward to commissioning a silicon metal furnace mid-2024, aligning with market conditions for optimal returns. Additionally, manganese ore prices have surged following a tropical cyclone’s impact on a major supplier, potentially influencing future alloy prices.
For further insights into AU:OMH stock, check out TipRanks’ Stock Analysis page.
