Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
China Direct Industries, Inc.
  2. Issuer Name and Ticker or Trading Symbol
China Armco Metals, Inc. [CNAM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
431 FAIRWAY DRIVE, SUITE 200
3. Date of Earliest Transaction (Month/Day/Year)
09/29/2009
(Street)

DEERFIELD BEACH, FL 33441
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/29/2009   S   800 D $ 3.06 954,980 I Held by China Direct Investments and Capital One (1)
Common Stock 09/30/2009   S   35,000 D $ 3.08 919,980 I Held by China Direct Investments and Capital One (2)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
China Direct Industries, Inc.
431 FAIRWAY DRIVE
SUITE 200
DEERFIELD BEACH, FL 33441
    X    
China Direct Investments, Inc.
431 FAIRWAY DRIVE, SUITE 200
DEERFIELD BEACH, FL 33441
    X    
Capital One Resource Co., Ltd.
ROOM 804, SINO CENTRE, 582-592 NATHAN RD
HONG KONG, F4 
    X    

Signatures

 /s/ Lazarus Rothstein, Executive Vice President and General Counsel   10/01/2009
**Signature of Reporting Person Date

 See signatures of other Reporting Persons on the attached Exhibit 99.1   10/01/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 447,300 of these shares are owned directly by China Direct Investments, Inc. ("China Direct Investments") and 507,680 of these shares are owned directly by Capital One Resource Co., Ltd. ("Capital One"). China Direct Investments and Capital One are wholly owned subsidiaries of China Direct Industries, Inc. ("China Direct"). China Direct is an indirect beneficial owner of the reported securities.
(2) 412,300 of these shares are owned directly by China Direct and 507,680 of these shares are owned directly by Capital One.

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