Frankly anybody selling must have 'rocks in their head'. OM...

Frankly anybody selling must have 'rocks in their head'.
OM Sarawak is only two months away from producing silicon metal and completing the CMSB stake.

China is trying to keep the country competitive by keeping power prices low so they've extended the coal price cap for 2023.

• Authorities set 675 yuan a ton benchmark for annual contracts
• Supply to power plants to continue to be prioritized

The new price cap is in line with an earlier target of 570 yuan to 770 yuan a ton for medium and long-term contracts and compares to domestic spot-traded prices that have surged 86% this year to 1,603 yuan as of last Friday, according to the China Electricity Council. Newcastle coal futures, a benchmark for global seaborne cargoes, touched a high of $465 a ton in September and traded Tuesday at $361 a ton.