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China Direct Industries partners with China Armco to source metals

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China Direct Industries, Inc. yesterday announced that its wholly owned subsidiary, CDII Trading, Inc. has partnered with China Armco Metals, Inc. (OTC:CNAM) to assist Armco in procuring a variety of metals including copper ore, manganese ore, chrome ore, and iron ore for distribution in China.

Ross Friedman, Commercial Trading Director of CDII Trading, Inc., said: " We are very encouraged by the potential opportunities before us to source various metals for Armco and believe additional transactions will close in the coming months as we aggressively build this business."

Quick facts: China Direct Industries Inc

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NASDAQ:CDII
Market: NASDAQ
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