IperionX Limited (“IperionX”) (NASDAQ:IPX, ASX: IPX) and
Aperam Recycling (“Aperam”) through its American entity ELG Utica
Alloys (“ELG”) have executed an agreement to create a low-carbon
100% recycled titanium supply chain. ELG will supply clean titanium
scrap metal and IperionX will use its patented titanium processing
technologies to produce low-carbon titanium metal for a more
sustainable and fully circular supply chain.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230710900412/en/
IPERIONX AND APERAM PARTNER TO CREATE
100% RECYCLED TITANIUM SUPPLY CHAIN (Graphic: Business Wire)
Aperam is a global player in stainless, electrical and specialty
steel and recycling. The business is organized in four primary
reportable segments: Stainless & Electrical Steel, Services
& Solutions, Alloys & Specialties and Recycling &
Renewables, which aims to place the circular economy at the heart
of Aperam’s growth strategy.
ELG – part of Aperam Recycling - is a leading global specialist
in sourcing and processing titanium, stainless steel and super
alloys and currently processes more than one million metric tonnes
of metal p.a.
Titanium metal is currently sourced over long distances from
high carbon supply chains with traceability issues. Domestic
manufacturing of titanium components generates a large amount of
titanium scrap metal in the form of cuttings and turnings which are
typically downcycled to the ferrotitanium market.
To ensure a more affordable and sustainable domestic
manufacturing sector, the U.S. needs to re-shore low carbon
titanium production, unlock new sources of titanium materials and
close the loop of the supply chain by recycling more titanium
metal. Higher levels of titanium recycling can reduce costs, lower
carbon emissions and mitigate supply chain shortages.
This agreement between IperionX and ELG will use scrap titanium
feedstocks from manufacturing waste and end-of-life titanium metal
products, to re-shore advanced low-carbon titanium metal production
and create a more sustainable, 100% recycled U.S. titanium supply
chain.
Carsten Becker, ELG Utica Alloys CEO said:
“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.”
Anastasios (Taso) Arima, IperionX CEO said:
“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 IperionX
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.
About Aperam
Aperam is a global player in stainless, electrical and specialty
steel and recycling. Aperam has a flat Stainless and Electrical
steel capacity of 2.5 million tonnes in Brazil and Europe and is a
leader in high value specialty products. In addition to its
industrial network, spread over six production facilities in
Brazil, Belgium and France, Aperam has a highly integrated
distribution, processing and services network and a unique
capability to produce low carbon footprint stainless and special
steels from biomass, stainless steel scrap and high performance
alloys scrap. With BioEnergia and its unique capability to produce
charcoal made from its own FSC®-certified forestry and with our
recycling activities (expanded with our acquisition of ELG in
2021), a global leader in collecting, trading, processing and
recycling of stainless steel scrap and high performance alloys,
Aperam’s places sustainability at the heart of its business,
helping customers worldwide to excel in the circular economy.
Thanks to BioEnergia forestry sequestration, Aperam's Brazilian
operations presented a certified net negative GHG balance (scope
1+2) in 2022.
In 2022, Aperam had sales of EUR 8,156 million and shipments of
2.31 million tonnes.
About ELG Utica Alloys
ELG Utica Alloys is part of ELG Group - Aperam Recycling
division - a world-leading trader and recycler of stainless steel,
high-performance alloys and metals and prime materials, with
revenues of more than $2 billion. ELG Utica Alloys is one of the
world's leading specialists in sourcing, processing, and supplying
high-performance alloys and metals. For further information, please
refer to our website at www.aperam.com.
Forward Looking Statements
Information included in this release constitutes forward-looking
statements. Often, but not always, forward looking statements can
generally be identified by the use of forward-looking words such as
“may”, “will”, “expect”, “intend”, “plan”, “estimate”,
“anticipate”, “continue”, and “guidance”, or other similar words
and may include, without limitation, statements regarding plans,
strategies and objectives of management, anticipated production or
construction commencement dates and expected costs or production
outputs.
Forward looking statements inherently involve known and unknown
risks, uncertainties and other factors that may cause the Company’s
actual results, performance, and achievements to differ materially
from any future results, performance, or achievements. Relevant
factors may include, but are not limited to, changes in commodity
prices, foreign exchange fluctuations and general economic
conditions, increased costs and demand for production inputs, the
speculative nature of exploration and project development,
including the risks of obtaining necessary licenses and permits and
diminishing quantities or grades of reserves, the Company’s ability
to comply with the relevant contractual terms to access the
technologies, commercially scale its closed-loop titanium
production processes, or protect its intellectual property rights,
political and social risks, changes to the regulatory framework
within which the Company operates or may in the future operate,
environmental conditions including extreme weather conditions,
recruitment and retention of personnel, industrial relations issues
and litigation.
Forward looking statements are based on the Company and its
management’s good faith assumptions relating to the financial,
market, regulatory and other relevant environments that will exist
and affect the Company’s business and operations in the future. The
Company does not give any assurance that the assumptions on which
forward looking statements are based will prove to be correct, or
that the Company’s business or operations will not be affected in
any material manner by these or other factors not foreseen or
foreseeable by the Company or management or beyond the Company’s
control.
Although the Company attempts and has attempted to identify
factors that would cause actual actions, events or results to
differ materially from those disclosed in forward looking
statements, there may be other factors that could cause actual
results, performance, achievements, or events not to be as
anticipated, estimated or intended, and many events are beyond the
reasonable control of the Company. Accordingly, readers are
cautioned not to place undue reliance on forward looking
statements. Forward looking statements in these materials speak
only at the date of issue. Subject to any continuing obligations
under applicable law or any relevant stock exchange listing rules,
in providing this information the Company does not undertake any
obligation to publicly update or revise any of the forward-looking
statements or to advise of any change in events, conditions or
circumstances on which any such statement is based.
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version on businesswire.com: https://www.businesswire.com/news/home/20230710900412/en/
Anastasios (Taso) Arima, Founder and CEO Toby Symonds, President
Dominic Allen, Chief Commercial Officer Investors:
investorrelations@iperionx.com Media: media@iperionx.com +1 980
237 8900 www.iperionx.com
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