Lihua International Inc announced that it has shipped 2,000 tonnes of its new copper anode product to its recently announced domestic customer, one of the world's leading copper and metal conglomerates.

Mr Jianhua Zhu chairman and CEO of Lihua said that since launching our new product in July, we have ramped up production on our second smelter to full capacity and we remain on track to meet our goal of shipping 8,000 to 10,000 tons of copper anode during 2010. Our established business and diverse business segments uniquely position Lihua to benefit from continued demand in the large pure copper market in China.

He said that we expect that the sales volume of our refined copper products including copper rod, copper wire and copper anode will continue to grow as we increase our production capacity. In pursuing this strategy we believe we can accelerate our return on invested capital as we can more readily process refined copper, address a substantially larger market segment and establish notably better payment terms than with our CCA wire products. We remain keenly focused on driving additional shareholder value by continuing to meet our strategic and financial objectives as we continue to grow our business.