Business
Why the OM Holdings (ASX:OMH) share price is rising today
The OM Holdings Limited (ASX: OMH) share price has lifted 1.39% in early trade this morning. This comes after the manganese producer provided a business and operations update.
At the time of writing, OM Holdings shares are swapping hands for 73 cents apiece.
What’s moving the OM Holdings share price?
The OM Holdings share price has started in the green today on the back of the company’s latest update.
According to this morning’s release, OM Holdings advised that during COVID-19, its smelter plant in Qinzhou, China was turned offline. The facility conducts smelting operations and sinter ore production – a process whereby iron ore fines and other fine material enter a blast furnace.
The company said that while suspended…
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