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Stock impact report

Iperionx Ltd. (IPX): One of the Best Rare Earth Stocks on Growing Titanium Demand [Yahoo! Finance]

IperionX Limited (IPX) 
Company Research Source: Yahoo! Finance
The positive stance comes on the heels of the company kick-starting commercial production at its Virginia facility. Iperionx Ltd. (IPX): One of the Best Rare Earth Stocks on Growing Titanium Demand Christian Lagerek/Shutterstock.com The company plans to ramp up initial production at the Virginia facility, targeting 200 tons per annum before year's end. It has also set its sights on achieving 1,400 tons per annum next year. The push to ramp up production comes as the company seeks to capitalize on its annual imports of about 40,000 tons of titanium sponge. IperionX plans to displace about 5% of US imports next year, as the country imports roughly 70% of its titanium sponge from Japan, with China and Russia as the top three suppliers. With US titanium demand poised to grow by about 5% over the next decade, the company plans to achieve annual production of about 10,000 tons. Iperionx Ltd. (NASDAQ:IPX) is a US-based critical materials company focused on producing high-performanc Show less Read more
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