SOURCE: Stock Market Alerts

September 30, 2010 10:49 ET

Breaking News Alert: China Armco Metals - September 30, 2010

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

MIAMI, FL--(Marketwire - September 30, 2010) -  Stock Market Alerts' performance stock list includes: China Armco Metals, Inc. (NYSE Amex: CNAM), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Alcoa, Inc. (NYSE: AA) and Arch Coal, Inc. (NYSE: ACI).

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This morning, China Armco Metals, Inc. (NYSE Amex: CNAM) issued a press release announcing that it has retained QiPin Yan, a China scrap metal industry expert, as its business management consultant. Mr. Yan will provide consulting services focusing on industry development strategies, new market development, procurement and sales strategies, marketing, market analysis, risk management, and production and quality management.

Mr. Yan is a highly regarded industry veteran with four decades of steel and metal recycling experience. Mr. Yan graduated from the Beijing Steel Institute now known as the Beijing University of Science and Technology with a Bachelors degree in steelmaking in 1970. He began his career at the Wuhan Iron and Steel Group where he held various positions including Assistant Steel Mill Plant Manager, Metal Resources Manager, and the Director of Steel Scrap Group. More recently since 2002, Mr. Yan has held the position of Secretary-General of the China Association of Scrap Iron and Steel Applications. Mr. Yan was responsible for the research and development of China's utilization of scrap steel, application for scrap recycled materials, and the production management of scrap steel. He has been intimately involved in the market research and coordination of the standardized management for domestic and imported scrap steel. He helped organize the development and international exchanges for new scrap steel processing technology, equipment and products. Mr. Yan was an advisor in the research, planning, development and implementation of a 5 year plan to help organize the reform in China's scrap steel supply chain and the construction of China's scrap steel processing and distribution system. He participated in setting national policies, regulations, and standards, as well as provided legislative consultation and partook in project research and evaluation on scrap steel related topics. Mr. Yan also was a contributor in editing various national government publications such as "the Chinese Steel Industry Annual Report," "China's Annual Report of Renewable Resources," and "China's Circulating Economy Yearbook."

Commenting on the announcement, Mr. Kexuan Yao, CEO and Chairman of China Armco Metals, Inc., stated, "We are very pleased to retain the services of Mr. QiPin Yan for our company. His vast experience in the scrap metal and steel industry will be of great value to us as we grow our Lianyungang facility and look to expand further in the future."

The stock closed yesterday at a $3.36 share

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) down 0.9% on 9.6 million shares traded. FCX is a leading international mining company with headquarters in Phoenix, Arizona.

Alcoa, Inc. (NYSE: AA) down 1.1% on 18.4 million shares traded.
Alcoa, Inc. is one of the world leaders in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry.

Arch Coal, Inc. (NYSE: ACI) up 3% on 3.2 million shares traded.
St. Louis-based Arch Coal is the second largest U.S. coal producer.

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