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Iperionx Limited ( (AU:IPX) ) has shared an update.
IperionX has secured a US$300,000 prototype purchase order from American Rheinmetall to produce 700 lightweight titanium components for U.S. Army heavy ground combat systems, with delivery expected within eight to nine months and the potential to scale into a larger supply agreement upon successful completion. The components will be manufactured in the United States using 100% recycled titanium feedstock processed via IperionX’s proprietary HAMR and HSPT technologies, which enable lower-cost, high-performance titanium capable of reducing component weight by 40–45% and improving vehicle agility, range and survivability. As the only domestic commercial-scale producer of primary titanium metal, IperionX is positioned to address U.S. defense and aerospace supply chain vulnerabilities, and this order advances U.S. government goals to reshore critical materials, lessen reliance on foreign titanium sources and expand domestic, low-carbon manufacturing capacity.
The most recent analyst rating on (AU:IPX) stock is a Hold with a A$7.00 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 U.S.-based titanium metal and critical materials company that uses patented technologies to produce high-performance titanium alloys from minerals and recycled scrap at lower energy, cost and carbon emissions. The company controls the Titan critical minerals project, the largest JORC-compliant U.S. resource of titanium, rare earth and zircon mineral sands, and supplies titanium metal and critical minerals to advanced sectors including space, aerospace, defense, consumer electronics, automotive and additive manufacturing.
Average Trading Volume: 1,305,144
Technical Sentiment Signal: Buy
Current Market Cap: A$2.39B
See more insights into IPX stock on TipRanks’ Stock Analysis page.