SOURCE: Stock Market Alerts

September 23, 2010 09:15 ET

Market Alert: China Direct Industries -- September 23, 2010

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

MIAMI, FL--(Marketwire - September 23, 2010) - Stock Market Alerts' performance stock list includes: China Direct Industries, Inc. (NASDAQ: CDII), Alcoa, Inc. (NYSE: AA), Agnico-Eagle Mines Ltd. (NYSE: AEM) and Newmont Mining Corporation (NYSE: NEM).

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Yesterday after the markets closed, China Direct Industries, Inc. (NASDAQ: CDII) issued a press release announcing that its subsidiary, CDI Beijing International Trading Co., Ltd., has received a contract from Beijing Chong Construction Co., Ltd. for the delivery of various types of reinforcing steel bars having the potential to generate over $30 million in revenue over the next 12 months. Delivery dates will be determined by parties over the term of the contract.

Beijing Chong Construction Co., Ltd. is a comprehensive construction enterprise located in Beijing with over $47 million in total assets. The company is primarily engaged in construction projects involving office and residential construction, historic building renovation, and municipal public projects and Industrial construction in the Beijing region.

Commenting on the contract, Dr. James Wang, Chairman and CEO of China Direct Industries, Inc., stated, "We are excited to have received an additional significant contract for our basic materials segment with a prominent construction company in Beijing. We look forward to building on this momentum in the coming quarters as we continue to aggressively market in this area as we look to expand our basic materials segment."

The stock closed yesterday $1.12 a share.

Alcoa, Inc. (NYSE: AA) up 4.7% on 44.2 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.

Agnico-Eagle Mines Ltd. (NYSE: AEM) up 1.2% on 3 million shares traded.

Agnico-Eagle is a long established Canadian gold producer with operations located in Canada, Finland and Mexico and exploration and development activities in Canada, Finland, Mexico and the United States.

Newmont Mining Corporation (NYSE: NEM) up 1.2% on 7.5 million shares traded.

Newmont Mining Corporation is one of the leading mining companies in the U.S.

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