SOURCE: China Direct Industries, Inc.

December 19, 2011 18:53 ET

/ CORRECTION - China Direct Industries, Inc.

POINT ROBERTS, WA--(Marketwire - Dec 19, 2011) - In the news release, "China Direct Industries Inc's Magnesium Batteries Could Establish US Leadership in EV Battery Market," issued earlier today by China Direct Industries, Inc. (NASDAQ: CDII), we are advised by the company that the headline should read "Magnesium Batteries Could Establish US Leadership in EV Battery Market" rather than "China Direct Industries Inc's Magnesium Batteries Could Establish US Leadership in EV Battery Market" as originally issued. Complete corrected text follows.

Magnesium Batteries Could Establish US Leadership in EV Battery Market

POINT ROBERTS, WA -- December 19, 2011 -- www.InvestorIdeas.com, a leader in cleantech research and news for investors, reports on new developments in high efficient magnesium batteries with magnesium partially provided from China Direct Industries, Inc.

Magnesium production and demand has nearly doubled in the past 10 years, and now a global need for green vehicle solutions may spike the demand even further.

Hoping to be first to market with a magnesium battery for electric cars, Pellion Technologies, Inc (www.pelliontech.com) is developing low-cost rechargeable Magnesium Batteries with high energy density.

Competing with lithium-ion batteries, magnesium batteries will potentially be cheaper, more efficient and also address a new issue that has come to surface -- safety.

According to the Advanced Research Projects Agency at the US Department of Energy site, "Pellion Technologies, an MIT spin-out company, will develop inexpensive high-energy-density rechargeable magnesium-ion batteries with the potential to disrupt current energy storage technologies for electric and hybrid-electric vehicles. To develop a game-changing 33 magnesium-ion battery, Pellion will leverage high throughput computational materials design, coupled with accelerated materials synthesis and electrolyte optimization, to identify new high-energy density magnesium cathode materials and compatible electrolyte chemistries. If successful, this project will develop the first commercial magnesium-ion battery and will establish U.S. technological leadership in this exciting new high energy battery chemistry for electrified vehicle applications."

With US auto sales improving and global demand and pressure to address climate change with green automotive solutions, magnesium producer China Direct Industries, Inc. (NASDAQ: CDII), is positioned with a substantial lead in market share of supplying pure magnesium and will be a key player in the green roads of the future.

China Direct Industries, Inc. (NASDAQ: CDII), is a U.S. based company that sources, produces and distributes industrial commodities in China and the Americas and provides business and financial consulting services. Headquartered in Deerfield Beach, Florida with corporate offices in Shanghai, China Direct Industries' unique infrastructure provides 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

Contact Information:
Pearl Group Advisors, Inc
954.232.5363
China Direct Industries, Inc.
Richard Galterio or Lillian Wong
Investor Relations
Phone: 1-877-China-57
Email: richard.galterio@cdii.net
lillian.wong@cdii.net

CDII on Facebook.com http://www.facebook.com/CDII.ChinaDirectIndustriesInc
CDII on Twitter .com https://twitter.com/#!/ChinaDirectCDII

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