BUZZ-Australia's IperionX hits three-month high on US titanium contract

Reuters
2026.01.22 00:41
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Shares of Australia’s IperionX (IPX.AX) rise as much as 7% to A$7.9, their highest level since October 22Titanium alloys producer says it received $0.3 million prototype purchase order from American RheinmetallContract for production of 700 lightweight titanium components for U.S. Army heavy ground combat systemsStock rose 1.8% in 2025, up 38.3% YTD