Iperionx Ltd (IPX) Ramping up Titanium Buildout Amid Soaring Demand

Iperionx Ltd. (NASDAQ:IPX) is one of the top American mining stocks to buy now. On September 2, the company reiterated plans to accelerate the buildout of titanium in the U.S. It also intends to deliver the largest-scale and lowest-unit-cost production.

Iperionx Ltd (IPX) Ramping up Titanium Buildout Amid Soaring Demand

Backed by a patented technology portfolio, Iperionx is engineering the next step in reducing cost and manufacturing titanium components. The company has also started building a fully integrated titanium supply chain that can serve the defense, aerospace, automotive, and consumer electronics segments.

Consequently, the company has confirmed that the nameplate titanium powder capacity has increased by 60% to 200 metric tons per year. The increase is driven by operational and technology process improvements at no additional capital expenditure. On the other hand, the costs of the titanium powder unit have already dropped to $55 per kilogram at full utilization.

Iperionx Ltd. (NASDAQ:IPX) is a leading titanium metal and critical materials company. It leverages patented metal technologies to produce high-performance titanium alloys from titanium minerals or scrap titanium at lower energy, cost, and carbon emissions.

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Disclosure: None. This article is originally published at Insider Monkey.