What is happening now. Omh is able to generate profits in a downcycle.
i suspect if there is a major recession there will be a major downcycle. Demand will drop in a big way.
these type of downturns clear the system of smelters that r unprofitable. Ths marginal smelters hanging on a thread and losing money every year. Most of these smelters will go to the bin.
the high electricity generation costs will ensure that this happens.
Ann: MEDIA RELEASE H1 2022 NPAT USD60 Million UP 231%, page-70
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36.5¢ |
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Mkt cap ! $279.6M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 36.5¢ | $4.825K | 13.18K |
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| No. | Vol. | Price($) |
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| 3 | 18895 | 36.5¢ |
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