RELATED PARTY TRANSACTIONS (Narrative) (Details) (USD $)	12 Months Ended					12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Sep. 27, 2011 Noncontrolling Interest [Member]	Dec. 31, 2012 Management [Member]	Dec. 31, 2011 Management [Member]	Dec. 31, 2012 Erdos Metallurgy Co. [Member]	Dec. 31, 2011 Erdos Metallurgy Co. [Member]
Related Party Transaction [Line Items]
Advance from related parties	$ 0	$ 2,981,977		$ 40,876	$ 40,934	$ 481,863	$ 2,941,043
Sales income for non-controlling interest	0	30,106,354				780,000	11,880,000
Interest Income and Other						$ 7,370,000	$ 6,940,000
Common stock directly owned by Sino Way Limited			100,000