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not in the limelight, but IPX was highlighted recently as a large holding in a small cap fund..The company’s core technology helps produce high-performance titanium alloys, from minerals and scrap using less energy and at a lower cost than existing methods.James McDonald of Pengana topped up his holding as recently as May and between the dual Nasdaq and ASX-listed stakes, IperionX now accounts for around a quarter of the fund.“It’s the wonder metal. Stronger than aluminium, lighter than steel and more corrosion resistant than stainless steel – if it was cheaper, we’d use a lot more of it,” he says.“The problem with titanium is it bonds so quickly with oxygen so it’s very difficult to manufacture. This really just simplifies that process.”The metal is estimated to have a $4 billion global market, but with companies like IperionX bringing down the price of production that could soon grow, says McDonald.[ATTACH=full]180736[/ATTACH]
not in the limelight, but IPX was highlighted recently as a large holding in a small cap fund.
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The company’s core technology helps produce high-performance titanium alloys, from minerals and scrap using less energy and at a lower cost than existing methods.
James McDonald of Pengana topped up his holding as recently as May and between the dual Nasdaq and ASX-listed stakes, IperionX now accounts for around a quarter of the fund.
“It’s the wonder metal. Stronger than aluminium, lighter than steel and more corrosion resistant than stainless steel – if it was cheaper, we’d use a lot more of it,” he says.
“The problem with titanium is it bonds so quickly with oxygen so it’s very difficult to manufacture. This really just simplifies that process.”
The metal is estimated to have a $4 billion global market, but with companies like IperionX bringing down the price of production that could soon grow, says McDonald.
[ATTACH=full]180736[/ATTACH]
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