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Iperionx Limited ( (AU:IPX) ) has issued an update.
IperionX Limited has been awarded a contract worth up to $47.1 million by the U.S. Department of Defense to enhance the U.S. titanium supply chain, a strategic move to bolster national security and economic resilience. This funding will facilitate the development of a fully-integrated titanium supply chain, increasing domestic production capabilities and reducing reliance on foreign sources, with significant implications for the defense, aerospace, and other advanced industries reliant on titanium.
More about Iperionx Limited
IperionX is a leading American company specializing in titanium metal and critical materials, utilizing patented technologies to produce high-performance titanium alloys from minerals or scrap at lower energy, cost, and carbon emissions. Their Titan critical minerals project is known as the largest JORC-compliant resource of titanium, rare earth, and zircon minerals sands in the U.S., serving industries such as aerospace, defense, and automotive.
YTD Price Performance: -24.91%
Average Trading Volume: 1,130,075
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.3B
See more insights into IPX stock on TipRanks’ Stock Analysis page.
