IperionX is planning to open a recycled powder plant in Virginia. It hopes to in the beginning of 2024 open a low carbon use facility that could produce 125 tonnes of titanium per year. Subsequently it hopes to in 2025 expand to a facility with a capacity of 1,125 tonnes per year in 2025. The company believes that it can make powder for around $72 a kilo initially and later make it available for $42 per kilo.
They also state that they hope to be the largest supplier worldwide of low carbon recycled titanium. This puts the company at a very interesting intersection of large trends and needs. The US wants to be able to make its own titanium and other advanced metals. It is now largely dependent on Canadian and more worryingly Ukrainian, Chinese, Australian and Indian minerals to be used for titanium. India is very pro Russian at the moment as is China. China is widely expected to be…
