This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

International Magnesium Group's Managing Director To Speak As Part Of The Panel Of Experts At The Global Automotive Lightweight Materials 2012 Conference

DEERFIELD BEACH, Fla., March 26, 2012 /PRNewswire/ -- CD International Enterprises, Inc. ("CD International") (Nasdaq: CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides cross border corporate advisory services, announced today that Mr. Alex Markin, Managing Director of its wholly owned subsidiary, International Magnesium Group, Inc. ("IMG"),  has been invited to attend and speak at the Global Automotive Lightweight Materials 2012 Conference from April 25th -26th  in London.  IMG is the global marketing arm for CD International's Magnesium segment which is among the world's largest producers and distributors of pure magnesium products.

Mr. Markin will be part of a panel of expert speakers that includes representatives from major automotive manufacturers such as GM, Ford, BMW, Audi, Toyota, Nissan, Tata Motors, Jaguar Land Rover, Fiat, McLaren, and Bugatti as well as research and development institutions and automotive sales and marketing industry experts.  The focus of this conference is to tackle the challenges of sourcing, integrating, and manufacturing light weight materials for commercially viable mass market application to deliver improved fuel economy.  As mandates for lower fuel consumption and stringent emissions standards are in place in the US and the EU, this conference serves as a meeting ground for OEMs to address the challenges and to find solutions to accelerate the usage of lightweight materials in vehicles in order to meet the increasingly stringent fuel savings and emissions targets.  For more information or to register for the event, please visit:

IMG recognizes the challenges facing automotive manufacturers especially in the procurement of magnesium and plans to take this opportunity to forge long term relationships with automakers by introducing an aluminum-indexed long term pricing approach for our magnesium products.  With the current absence of a futures market for magnesium, end-users, especially automakers, have difficulty in incorporating substantial quantities of magnesium into their long term vehicle designs due to the lack of pricing visibility.  However, by indexing magnesium to the LME Aluminum cash settlement price, automakers will be able to hedge appropriately making it easier for them to calculate the costs in a predictable manner.  Magnesium is not only 33% lighter than aluminum, but it has similar if not greater structural integrity than aluminum and therefore, as long as it is not priced at more than a 50% premium relative to aluminum, then it is highly competitive.  IMG's pricing strategy will set the magnesium price in the range of 1.33 to 1.5 of aluminum costs on a long term basis in order to provide for the potential of long term pricing predictability for larger end users which should ultimately lead to increased overall demand in the industry.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community


Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs