SOURCE: Stock Market Alerts

April 07, 2010 08:38 ET

Trade Alert: China Armco Metals - April 7, 2010

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts LLC

MIAMI, FL--(Marketwire - April 7, 2010) -  Stock Market Alert's performance stock list includes: China Armco Metals, Inc. (NYSE Amex: CNAM), Citi (NYSE: C), Baidu, Inc. (NASDAQ: BIDU) and GE (NYSE: GE).

This morning, China Armco Metals, Inc. (NYSE Amex: CNAM) announced that Armco & Metawise (H.K.), Ltd. ("A&M"), the Company's wholly owned subsidiary, has established a strategic partnership with TCG Commodity Management, LLC ("TCG"), a leading international market maker supplying high demand minerals and commodities to companies throughout Southeast Asia, to source a number of high demand minerals as part of the Company's recent strategy to seek longer term supply contracts for distribution in China.

Following TCG's commitment to sell a total of 800,000 metric tons of Manganese, the two companies began talks to pursue a partnership to secure a number of additional commodities for distribution into China resulting in today's announcement. Under the framework of this strategic partnership, TCG has agreed to provide A&M preferential access to additional supplies of Manganese as well as Pig Iron and Iron Ore from Brazil, and Coal from Colombia. 

Commenting on this partnership, Mr. Kexuan Yao, CEO and Chairman of China Armco Metals, Inc., stated, "There is currently a supply-demand imbalance in China, with many core industrial minerals and metals. While this is largely attributable to China's strong growth, there are a number of other factors that contribute to this problem including market inefficiencies, differences in business culture and communication challenges. We believe these factors are very prominent in South American where a vast supply of these materials can be sourced into China. This is why we are convinced this partnership opens the door to a very large opportunity for us. First, TCG is unique because it has deep experience in Asia, with a management team that has been financing trades in the Asia region for decades, coupled with an established infrastructure in Brazil. TCG has a wealth of business relationships in Brazil in marketing, banking, and legal and has facilitated billions of dollars worth of international commodities transactions in numerous countries. We know of no other company with this particular balance. Second, TCG has direct access to mines and can enable us to obtain product without having to build our own origination system in South America."

The stock closed yesterday at $9.03 cents a share.

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Citi (NYSE: C) up 0.7% on 318.1 million shares traded.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries.

Baidu, Inc. (NASDAQ: BIDU) up 3% on 1.6 million shares traded.
Baidu, Inc. is the leading Chinese language Internet search provider.

GE (NYSE: GE) up 0.3% on 54.1 million shares traded.
General Electric Co. is a diversified global infrastructure, finance and media company that is built to meet essential world needs.

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