Iperionx Limited (AU:IPX) has released an update.
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IperionX has announced a significant advancement with their first successful titanium production run using their proprietary HAMR technology at the Titanium Manufacturing Campus in Virginia. The process, which utilizes 100% scrap titanium, has resulted in a production capacity increase by over 60 times and titanium quality that surpasses industry standards. The company is on track to reach a production capacity of over 10,000 metric tons annually by 2030, aiming to revolutionize the titanium industry with a more sustainable and cost-effective production method.
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