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OM Holdings Ltd. ( (AU:OMH) ) has provided an announcement.
OM Materials (Qinzhou) Co., Ltd., a joint venture in which OM Holdings now holds a 40% stake alongside majority partner Shaanxi Sinian Metal & Mining, has successfully recommissioned its Qinzhou smelter and sinter plant after a production shutdown that began in December 2021 due to elevated power tariffs in China. The Qinzhou facility, comprising two closed-furnace lines with an annual design capacity of 80,000–95,000 tonnes of manganese alloys and 300,000 tonnes of sinter ore, will restart in phases, marking a significant milestone for OM Holdings as it restores key production capacity and seeks to optimise operations with its new partner to enhance returns from its strategic participation in the project.
The most recent analyst rating on (AU:OMH) stock is a Hold with a A$0.36 price target. To see the full list of analyst forecasts on OM Holdings Ltd. stock, see the AU:OMH Stock Forecast page.
More about OM Holdings Ltd.
OM Holdings Limited is a vertically integrated manganese and ferroalloys producer listed on the ASX and Bursa Malaysia, with operations including smelting and sintering facilities. Through its subsidiary OM Materials (S) Pte. Ltd., the group participates in joint ventures such as OM Materials (Qinzhou) Co., Ltd. in China, supplying manganese alloys and sinter ore to global steel and metals markets.
Average Trading Volume: 92,442
Technical Sentiment Signal: Hold
Current Market Cap: A$252.2M
For detailed information about OMH stock, go to TipRanks’ Stock Analysis page.