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IperionX (IPX) Climbs 28.4% on New Govt Deal
Yahoo Finance· 2026-01-25 23:50
Company Performance - IperionX Limited (NASDAQ:IPX) experienced a significant share price increase of 28.4% week-on-week, nearing its all-time high [1] - The stock reached a peak price of $60.35, just $0.55 below its all-time high of $60.90 recorded on October 15 [2] New Deal and Financial Impact - IperionX secured a deal with the US Army valued at $300,000 for the supply of 700 lightweight titanium components for heavy ground combat systems, with potential for significant increases upon successful delivery [3] - The replacement of steel components with titanium is projected to reduce the weight of combat systems by 40 to 45%, enhancing performance metrics such as acceleration, agility, operational range, and survivability [4] Strategic Importance - IperionX is recognized as the only domestic US producer of commercial-scale primary titanium metal, a material deemed strategic and critical by the US Government [5] - The deal aligns with US government priorities to reshore and secure critical materials supply chains, reduce dependence on foreign titanium sources, and expand domestic manufacturing capacity using recycled feedstocks [5]