October 20, 2010 (FinancialWire) (http://www.financialwire.net/) — Lihua International, Inc. (NASDAQ: LIWA) said that it has signed a 2011 copper anode volume supply contract for 30,000 tons with a domestic customer.

Additionally, Lihua has received 2011 copper anode volume demand indication from three other customers totaling 80,000 metric tons.

In order to meet this expected demand, Lihua said it plans to break ground in the near term on its second copper recycling facility, located on around 33 acres of land adjacent to its existing copper recycling facility in Danyang, China.

The company plans to complete construction of this new facility during the second half of 2011, bringing annual refined copper production capacity to 100,000 tons. The Company plans to allocate 75,000 tons to copper anode, with the remaining 25,000 tons allocated to copper rod.

China-based Lihua International, through its two wholly-owned subsidiaries, Lihua Electron and Lihua Copper, is a manufacturer of copper replacement products for China's copper wire and copper replacement product market.

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