IperionX initiated with an Outperform at William Blair

William Blair initiated coverage of IperionX (IPX) with an Outperform rating and no price target The company is scaling operations that could result in the nation’s largest titanium powder production, the analyst tells investors in a research note. The firm says IperionX’s technologies allow low-cost titanium metal products to be produced directly from recycled titanium scrap. It predicts the company will be awarded the largest government contract to date.