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Iperionx Limited ( (AU:IPX) ) has provided an announcement.
Iperionx Limited has announced a significant increase in its titanium production capacity, with a 60% rise to 200 metric tons per year, achieved through operational and technological improvements without additional capital expenditure. The company plans to further expand its capacity to 1,400 metric tons per year by 2027, backed by funding from the U.S. Department of Defense, positioning itself as the largest and lowest-cost titanium powder producer in the U.S. This expansion is expected to enable Iperionx to achieve a positive EBITDA by the end of 2026, and the company aims to lead globally in the production of high-performance titanium components by 2030.
The most recent analyst rating on (AU:IPX) stock is a Buy with a A$7.90 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 operates in the titanium industry, focusing on the production of titanium powder and high-performance titanium components. The company leverages proprietary technologies, HAMR and HSPT, to enhance manufacturing yields and reduce costs, aiming for a competitive edge in the defense, aerospace, automotive, and consumer electronics markets.
Average Trading Volume: 1,484,201
Technical Sentiment Signal: Buy
Current Market Cap: A$2.21B
See more data about IPX stock on TipRanks’ Stock Analysis page.