IperionX Limited ("IperionX") (NASDAQ:IPX, ASX: IPX) and Aperam Recycling's American entity, ELG Utica Alloys ("ELG"), have signed an agreement to establish a low-carbon, 100% recycled titanium supply chain. The initiative focuses on recycling clean titanium scrap metal provided by ELG, processed by IperionX's patented titanium processing technologies, contributing to a sustainable and fully circular supply chain.
Aperam, controlled by Lakshmi Mittal, are a globally renowned entity in stainless, electrical, specialty steel, and recycling, organizes its business across four segments: Stainless & Electrical Steel, Services & Solutions, Alloys & Specialties, and Recycling & Renewables. This alliance further strengthens Aperam's growth strategy centered around the circular economy.
ELG, a division of Aperam Recycling, is a top-tier global specialist in sourcing and processing titanium, stainless steel, and super alloys, currently handling over one million metric tonnes of metal per annum.
Historically, titanium metal has been sourced over extensive distances from high carbon supply chains, often accompanied by traceability issues. The creation of a large amount of titanium scrap metal from domestic manufacturing results in a downcycle to the ferrotitanium market. By reshoring low-carbon titanium production, unlocking new titanium sources, and enhancing recycling efforts, the U.S. can ensure a more affordable, sustainable domestic manufacturing sector, reduce costs, lower carbon emissions, and alleviate supply chain shortages.
This strategic agreement between IperionX and ELG promises to utilize scrap titanium feedstocks from manufacturing waste and end-of-life titanium metal products, to reshore advanced low-carbon titanium metal production, thereby creating a more sustainable, fully recycled U.S. titanium supply chain.
"We are happy to announce our new partnership with IperionX, further growing the circular economy for titanium in the U.S. This agreement with IperionX enables us to ensure that even more titanium material is recycled and stays in a closed loop, overall reducing carbon emissions and further driving Aperam’s sustainability efforts,” said Carsten Becker, CEO of ELG Utica Alloys.
Anastasios (Taso) Arima, CEO of IperionX, added, "We are pleased to partner with ELG to advance a more sustainable 100% recycled U.S. titanium supply chain. This agreement with ELG provides the potential to unlock a secure, long term supply of scrap titanium feedstock to create value for our customers with a lower cost, low-carbon, titanium supply chain for advanced American manufacturing."
About us:
About IPX:
IperionX’s mission is to be the leading developer of low carbon titanium for advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX holds an exclusive option to acquire breakthrough titanium technologies that can produce titanium products that are low carbon and fully circular. IperionX is producing titanium metal powders from titanium scrap at its operational pilot facility in Utah, and intends to scale production at a Titanium Demonstration Facility in Virginia. IperionX holds a 100% interest in the Titan Project, which has the largest JORC-compliant resource of titanium, rare earth and zircon rich mineral sands in the United States.
Contact details:
Jane Morgan
jm@janemorganmanagement.com.au