OM Holdings Ltd. (AU:OMH) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
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.
