Ann: 30 June 2023 Quarterly Market Update, page-30

The OMH H1 2023 Financial Report due in the next few weeks will be interesting, although most likely disappointing. The results won't be as good as H1 2022 due to lower alloy prices although should be similar to H1 2021 without the Bootu Ck drag on the results. I'm tipping about US$30 million NPAT which is 1/2 of 2022 but about double 2021.
Will OMH pay an interim dividend, thats the $64 dollar question?
I'm hopeful but its unlikely, the dividend policy announced was a con, it doesn't even take effect until the 2024 year, so we're likely to be disappointed. (AGAIN)

If OM Sarawak remains profitable at current alloy prices then when recovery occurs OMH should do well.

There isn't much joy for producers in China, most are losing money.

Ningxia: Affected by rising electricity costs, manufacturers' cost support has strengthened, and spot profit margins have been compressed, which may affect the progress of subsequent manufacturers' resumption of production. 72 ferrosilicon natural blocks are 6800-6850 yuan/ton, 72 ferrosilicon standard blocks are quoted at 6900-6950 yuan/ton, and 75 ferrosilicon natural blocks are quoted at 7200 yuan/ton.

Qinghai: The spot in the ferrosilicon market is tight. Manufacturers arrange orders for production, and the orders are basically delivered until the end of the month. At present, the market has more inquiries, and manufacturers are reluctant to sell at low prices. The price of 72 ferrosilicon natural blocks is about 6750-6800 yuan/ton, and the price of 75 ferrosilicon natural blocks is about 7200-7300 yuan/ton.