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Published in Business and Finance on Monday, December 12th 2011 at 8:06 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
December 12, 2011 11:02 ET
China Direct Industries (NASDAQ: CDII); Magnesium Demand, Indicators and Outlook
Outlook for the Magnesium Demand Seems to Be Highly Positive in the Long Term
POINT ROBERTS, WA--(Marketwire - Dec 12, 2011) - [ www.InvestorIdeas.com ], a global investor research portal for independent investors, distributes the following CFA commentary on China magnesium producer China Direct Industries Inc, (
Magnesium Demand -- Indicators and Outlook
Headquartered in Deerfield Beach, Florida, China Direct Industries, Inc. (
CDII's magnesium / basic materials segment, with annual production capacity of 50,000 metric tons of pure magnesium ingots and 10,000 metric tons of magnesium powder, makes China Direct Industries Inc. one of the largest magnesium producers in the world. At nearly 80% of Q3 2011 revenue, the magnesium / basic materials segment is a critical driver of CDII's success, with magnesium representing approximately 44% of total revenue and basic materials representing approximately 35% of total Q3 11 revenue.
While market fluctuations and global economic and fiscal challenges will always result in some degree of uncertainty in the short term, the outlook for the magnesium demand seems to be highly positive in the longer term as a result of growth that appears likely across the industries that utilize magnesium as a basic input. With a commanding share of market production, China Direct Industries (
Background - Magnesium Properties, Uses, Market
- Physical Properties[i]: Magnesium is the lightest and strongest of the structural metals - it is 33% lighter than aluminum, 60% lighter than titanium, 75% lighter than steel.
- Uses [ii]: Most pure metals, including magnesium, are too soft for structural use. However strength properties comparable to those of many aluminum alloys are obtained by alloying magnesium with other metals, and, in some cases, by heat treating or working. Magnesium is also used in desulfurization with other metals, specifically steel. According to estimates from the International Magnesium Association, the primary uses are:
- Alloying with aluminum - 40 - 45 percent
- As a structural metal - magnesium alloys - 33 - 35 percent
- Iron and steel processing - desulfurization - 13 percent
- Electrochemical and other
- The Market: China produces approximately 80% of the global magnesium market, which grew over 24% to 809,000 tons in 2010[iii].
Read the full article and bio for Patrick Murphy at Investorideas.com:
[ http://www.investorideas.com/CO/CDII/news/2011/12081.asp ]
China Direct Industries Inc, Inc. (
China Direct Industries, Inc. (
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The author, Patrick Murphy, was compensated $550 by InvestorIdeas.com for writing this article. Murphy does not own shares of any of the companies mentioned in this article. Mr. Murphy's research firm, Murphy Analytics, may be engaged for the provision of a research report on CDII in the future.