MIAMI, FL / ACCESSWIRE / February 10, 2016 / $200 Million Order, Industrial Commodities Co. Strikes Gold in Iron Ore. CD International Enterprises, Inc. (OTCPK: CDII), a U.S.-based company that sources industrial commodities just announced that a $200 million order, over a 24-month period was placed with its wholly owned subsidiary Capital Resources Management Corporation.

The order was placed by a China based trading company. China accounts for the purchase of nearly two-thirds of the world's seaborne iron ore supply.

With the current price of Iron Ore at approximately $42.00 per metric ton, the purchase order has a potential value of approximately $100 million per year over the two-year period.

Per the purchase order, CD International will source up to 200,000 tons of iron ore per month for a period of 24 months in a total of up to 4.8 million tons. CDII has already begun sourcing suppliers in both North and South America to execute the transaction for their buyer.

Recently we have read that Capital Resource Management Corp has also received a purchase order valued at approximately $350 million for 240,000 tons of copper concentrate to also be fulfilled over 24 months beginning this year.

At the time of writing this piece, Yahoo Finance puts the current market cap of CDII at $1.52 million.

The company is very pleased with this purchase order and further went on to say that they believe that spot iron ore prices will stabilize or improve in 2016 and the successful execution of this transaction can bring their mineral trading business to generate substantial profits for CDII.

Cliffs Natural Resources, Inc.

Cliffs Natural Resources Inc. (NYSE: CLF) is a $275 million player in the iron ore market has seen it's share of bad luck as this once $100.00 stock has fallen 80% from almost $9.00 per share to $1.75 over the recent 12 months alone.

Of the eight analysts covering CLF, 8 give it a hold and 7, a sell, focusing on negative revenue growth year over year. Cliffs focuses on the North American Steel industry supplying iron ore pellets from mines and plants in Michigan and Minnesota.

Elite Pharmaceuticals, Inc.

Among other positive placements in the news yesterday was Elite Pharmaceuticals, Inc. (OTCQB: ELTP) who announced results for FY Q3 2016. Revenue rose to 2.2 million up 61% from the same period last year.

During the quarter, the company invested $3.2 million into the development of SeaquestOx (ELI-200). Elite is currently waiting confirmation from the FDA of acceptance for review of their SeaquestOx Submission.

ELTP traded up only 10 basis points on average volume. Elite's management will hold a conference call addressing the results of operations and to provide updates on recent developments today at 11:30 AM EST.

Ascent Solar Technologies, Inc.

After a 97% drop over the past 12 months, Ascent Solar Technologies, Inc. (NASDAQ: ASTI) has seen an almost 83% increase from it's low of $.06 only 10 days ago. Ascent develops and manufactures state of the art flexible thin film photovoltaic modules integrated into their EnterPlex series of consumer products.

Ascent just announced a breakthrough in power to weight ratio for its superlight solar module. At comparable performance, Ascent's module would weigh 66% less than its peers. This is a 2/3 weight reduction which is critical for satellites, space vehicles and space stations where power to weight ratio is key.

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