FCX Freeport McMoRan Inc

Stock Market Alerts' performance stock list includes: China Direct Industries, Inc. (NASDAQ: CDII), Alcoa, Inc. (NYSE: AA), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Newmont Mining Corporation (NYSE: NEM).

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This morning, China Direct Industries, Inc. (NASDAQ: CDII) announced that it has issued this press release announcing that it has received several contracts to sell pure magnesium ingot valued at approximately $9.6 million. The contracts, call for delivery by the end of calendar year 2010, were derived through its IMG sales and marketing unit.

China Direct Industries launched International Magnesium Group, "IMG," in 2009 in an effort to create an international brand to be known for quality and reliability in magnesium related products. Through IMG we have unified our marketing efforts for our magnesium operations. IMG focuses on building long term relationships and securing long term contracts. IMG derived one of these contracts through the utilization of an innovative new cost indexed pricing formula that management believes may someday be the benchmark for the way the industry currently prices its magnesium products.

Commenting on the contracts, Dr. James Wang, Chairman and CEO of China Direct Industries, Inc., stated, "We are excited to have received these orders through the direct marketing efforts of IMG. We believe that by marketing IMG as a leading manufacturer and a U.S. public company that stands behind our pricing guarantee and shipment commitments, we can establish a competitive advantage in the magnesium industry. Additionally, we believe our pricing strategy will enable market stabilization which is critical to the long term health of our industry. These contracts represent a positive step toward our efforts to gain market share through strong long term relationships as the global demand for magnesium continues to improve."

The stock closed at $1.20 a share a share.

For an in-depth profile of China Direct Industries, visit http://www.wallstreetenews.com/view-company-profiles.php?profile=CDII_072610.

Alcoa, Inc. (NYSE: AA) up 1.6% on 26.4 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.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) up 0.2% on 9.9 million shares traded. FCX is a leading international mining company with headquarters in Phoenix, Arizona.

Newmont Mining Corporation (NYSE: NEM) down 1.6% on 6.3 million shares traded. Newmont Mining Corporation is one of the leading mining companies in the U.S.

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