Lihua International signs 30,000 tonne copper anode volume supply contract for 2011.

Lihua International Inc (Lihua) has signed a 2011 copper anode volume supply contract for 30,000 tonnes with its recently announced domestic customer, one of the world's leading copper and metal conglomerates. Additionally, Lihua has received 2011 copper anode volume demand indication from 3 other customers totaling 80,000 tonnes. In order to meet this expected demand, Lihua plans to break ground in the near term on its second copper recycling facility, located on about 33 acres of land adjacent to its existing copper recycling facility in Danyang, China. The company expects to complete construction of this new facility during 2H 2011, bringing refined copper production capacity to …