OM Holdings sees better prospects for FY2024 on higher prices, production volumeMining and ferroalloy smelting group OM Holdings Ltd (KL:OMH), a dual-listed company on the Australian Securities Exchange and Bursa Malaysia, is expecting better earnings this year, amid higher prices and increased production volume.
Ferrosilicon (FeSi) prices have inched upwards in recent weeks, following a Chinese customs crackdown on tax evasion, which led to temporary supply limitations. Prices closed at US$1,315 (RM6,009) per metric ton (MT) on July 24, said Adrian Low, the managing director of OMH’s wholly owned unit based in Singapore, OM Materials (S) Pte Ltd.