CD International Enterprises, Inc. (OTC: CDII), a U.S.-based company that sources industrial commodities and provides business and management corporate consulting services, this morning announced its entry into a full corporate offer to purchase 5,000 tons of copper cathodes (99.99% Cu) per month from a company based in Tanzania. “We are very excited to enter this full corporate offer as our Chinese clients are ready to make purchases,” Dr. James Wang, chairman and CEO of CDII, stated in the news release. “To fulfill a niche market and facilitate smooth transactions, we have been working very hard in the past several years to strategically place ourselves between our suppliers and our buyers in China… We expect to commence the first shipment for our clients within months.” Per the terms of the offer, CDII will be required to purchase 5,000 metric tons of copper cathodes per month over an initial period of 12 months, leading to a total annual shipment of 60,000 metric tons. Based on current copper future prices pulled from the London Metal Exchange, this contract total of 60,000 metric tons is valued at approximately $330 million.
To view the full press release, visit http://dtn.fm/9RppZ
About CD International Enterprises, Inc.
CD International Enterprises, Inc. (OTC: CDII) is a U.S.-based company that sources industrial commodities and provides business and management corporate consulting services. For more information about CD International, please visit http://www.cdii.net.
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