CD International Enterprises Inc (EM) CDIIQ

CD International Enterprises, Inc. sources and distributes industrial products in China and the Americas. It operates through two segments, Trading and Consulting. The Trading segment sources and distributes various industrial commodities, such as iron ore, copper concentrate, and other minerals; and cannabidiol-related products. The Consulting segment provides business and management consulting services to public and private American and Chinese companies that operate primarily in China and the Americas. It offers its consulting services in the areas of general business consulting, Chinese regulatory advice, translation services, formation of entities in the People’s Republic of China, coordination of professional resources, mergers and acquisitions, strategic alliances and partnerships, advice on effective means of accessing U.S. capital markets, coordination of Sarbanes-Oxley compliance, and corporate asset evaluations. This segment also identifies potential areas of growth; mana...

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CD International Enterprises Inc (EM)

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Post by qualitystocks.neton Jul 12, 2017 4:45pm

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Post# 26462062

QualityStocksNewsBreaks – CD International Enterprises, Inc.

QualityStocksNewsBreaks – CD International Enterprises, Inc. (CDII) Announces Contract to Purchase 120,000 Tons of Copper Concentrate

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 that it has entered into a purchase contract to purchase 120,000 tons of copper concentrate (30% Cu) over a 12-month period from a Chile-based company. The initial contract values approximately $260 million based on the current copper future price on the London Metal Exchange. “We are very excited to enter this purchase contract, as we continue to source mineral commodity for our Chinese clients,” Dr. James Wang, chairman and CEO of CD International, stated in the news release. “We have delivered copper concentrate from Chile and Bolivia to China in the past, as demand by China for copper concentrate continues to grow substantially. Under our new mineral trading model, we are confident we can create a profit center while limiting exposure of our capital to market risk.” Chile is China’s top source of imported copper concentrate. According to the latest data from the General Administration of Customs, China imported 4.74 million metric tons of copper concentrate from Chile in 2016, marking a year-over-year increase of 26.7 percent.

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