The integrated manganese ore and ferroalloy company said in its filings yesterday the recent surge in the global FeSi prices was due in part to government policies in China relating to the ongoing power shortage, with power rationing being imposed on energy-intensive industries thus limiting ferroalloy production and causing Chinese ferroalloy futures to surge to historical highs
PETALING JAYA: OM Holdings Ltd
’s shares rose 15% on higher ferrosilicon (FeSi) prices in the global market.
The counter closed 44 sen higher at RM3.37 yesterday on volume of 2.58 million shares.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
