The Conversation (0)
Asia Times Online reported that a military pact between Australia and the United States caused shares of OM Holdings (ASX:OMH) to fall.
Asia Times Online reported that a military pact between Australia and the United States caused shares of OM Holdings (ASX:OMH) to fall.
As quoted in the market news:
OMH’s manganese is mined in Australia, and that’s where its share is listed also. But its control shareholders are Chinese, who have employed Singapore-based nominees to run the Australian source of manganese – an alloy to strengthen steel – and protect Chinese steelmills from having the manganese price dictated by the real government in Australia, BHP Billiton, one of the world’s largest manganese producers.