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According to Bell Potter, Iperionx's technology has the potential to disrupt the titanium markets by materially lowering production costs. Further, lowered costs could see titanium able to compete with other speciality allows, including stainless steel.Initiating coverage on the company, the broker notes the technology address security of supply concern in the US, where around 95% of titanium metal is imported. The company intends to commission a phase 1 commercial titanium production facility in Virginia from mid-year, funded by a US$12.7m Department of Defence grant.Phase 2 will see an expansion to 2,000 tonnes per annum by 2026, and Bell Potter expects this will also be eligible for government grants.The broker initiates with a Buy rating and a target price of $3.70.
Can only see the summary.According to Bell Potter, Iperionx's...
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Last
$2.16 |
Change
0.060(2.86%) |
Mkt cap ! $493.9M | |||
| Open | High | Low | Value | Volume |
| $2.07 | $2.20 | $2.07 | $712.7K | 333.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1884 | $2.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.20 | 4884 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$2.15 |
Change
0.060 ( 3.77 %) |
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| Open | High | Low | Volume | ||
| $2.09 | $2.20 | $2.09 | 59924 | ||
| Last updated 15.57pm 21/05/2024 ? | |||||
| IPX (ASX) Chart |