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Iperionx Limited ( (AU:IPX) ) has shared an update.
IperionX Limited has partnered with Carver Pump Company to expedite the production of critical titanium components for U.S. Navy ships. This collaboration aims to address supply chain constraints by reducing lead times for titanium parts from over a year to less than a week, utilizing IperionX’s low-cost titanium metal powder and advanced manufacturing capabilities. The successful prototyping and testing phase could lead to larger production agreements, enhancing naval shipbuilding and maintenance efficiency, and improving fleet readiness.
The most recent analyst rating on (AU:IPX) stock is a Buy with a A$9.90 price target. To see the full list of analyst forecasts on Iperionx Limited stock, see the AU:IPX Stock Forecast page.
More about Iperionx Limited
IperionX Limited is a leading American company specializing in titanium metal and critical materials. Utilizing patented metal technologies, the company produces high-performance titanium alloys from titanium minerals or scrap titanium at reduced energy, cost, and carbon emissions. Their products are vital for advanced U.S. industries such as space, aerospace, defense, consumer electronics, hydrogen, automotive, and additive manufacturing.
Average Trading Volume: 1,884,265
Technical Sentiment Signal: Buy
Current Market Cap: A$1.8B
Learn more about IPX stock on TipRanks’ Stock Analysis page.