f*******0
发帖数: 221 | 1 Anybody has more information on this one?
It is mentioned by Rev Shark moving stock, he is very early into REE. | p********e
发帖数: 1960 | 2 Oh no....I sold it a few weeks ago........
【在 f*******0 的大作中提到】
: Anybody has more information on this one?
: It is mentioned by Rev Shark moving stock, he is very early into REE.
| f**********g
发帖数: 2252 | 3 Need FAers to look at the report.
The most recent annual report is available for China Direct Industries
Sunday 10/17/2010 3:49 AM ET - Dow Jones News
Related Companies
Symbol Last %Chg
CDII 1.71 25.74%
As of 2:05 PM ET 10/20/10
China Direct Industries: The most recent annual report is available at no
fee.
To order, visit http://djnweurope.ar.wilink.com/?ticker=US1693842031 or call +44 (0)208 391 6028
Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary: http://www.djnewsplus.com/nae/al?rnd=ysWVpRYj0arv8aDjDLeJeg%3D%3D. You can use this link on the day this article is published and the following day.
【在 f*******0 的大作中提到】
: Anybody has more information on this one?
: It is mentioned by Rev Shark moving stock, he is very early into REE.
| f**********g
发帖数: 2252 | 4 Old News.
China Direct Industries Receives Magnesium Contracts Valued at $6.5 Million
Tuesday 09/28/2010 4:38 PM ET - Marketwire
Related Companies
Symbol Last %Chg
CDII 1.71 25.74%
As of 2:07 PM ET 10/20/10
China Direct Industries, Inc. ("China Direct Industries") (NASDAQ: CDII), a
U.S. owned holding company operating in China in two core business segments,
pure magnesium production and distribution of basic materials, announced
today that it recently received several magnesium contracts valued at
approximately $6.5 million to be delivered by the end of calendar year 2010.
Prices of pure magnesium have recently surged to over $2,900 per metric ton
FOB China, an increase of over 7% in the past two weeks. This is mainly due
to the rising price of ferrosilicon, one of the key raw materials in the
magnesium production process. Many ferrosilicon producers are experiencing
rolling blackouts as part of the Chinese government's initiative to meet
their yearend energy savings target. This has caused a shortage of
ferrosilicon supply resulting in a price increase of more than $200 per
metric ton. In a market where magnesium supplies have been declining, the
uncertainty of ferrosilicon pricing has caused many magnesium producers to
refrain from offering long term contracts. International Magnesium Group,
our wholly owned subsidiary is, however, able to provide long term magnesium
supply contracts based on our innovative cost indexed pricing formula, as
we ramp up our production in both Baotou Changxin Magnesium and Taiyuan
Chang Magnesium facilities in the coming months.
Commenting on the contracts, Dr. James Wang, Chairman and CEO of China
Direct Industries, Inc., stated, "We are excited to receive these recent
contracts during a time of uncertainty in the magnesium market. We also
believe balance will be restored in the magnesium markets as other metals
markets have begun to strengthen due to improving global demand and we see
prices returning to more sustainable levels in the range of $3,000 to $3,300
per ton FOB China in the coming months. We are also confident that IMG's
cost indexed pricing guarantee and shipment commitments will allow IMG to
gain additional market share during this time of price strengthening amid
supply disruptions and we intend to aggressively pursue sales opportunities
as we position our magnesium operations for future growth."
About China Direct Industries, Inc.
China Direct Industries, Inc. (NASDAQ: CDII), is a U.S. owned holding
company operating in China in two core business segments, pure magnesium
production and distribution and distribution of basic materials in China.
China Direct Industries also provides advisory services to China based
companies in competing in the global economy. Headquartered in Deerfield
Beach, Florida, China Direct Industries operates 9 subsidiaries throughout
China. This infrastructure creates a platform to expand business
opportunities globally while effectively and efficiently accessing the U.S.
capital markets. For more information about China Direct Industries, please
visit http://www.cdii.net. |
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