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IperionX and Aperam Recycling partner to create 100% closed loop titanium supply chain

20 Jul 2023 16:01

Aperam S.A. / Key word(s): Miscellaneous IperionX and Aperam Recycling partner to create 100% closed loop titanium supply chain 20-Jul-2023 / 17:00 CET/CEST


IPERIONX AND APERAM RECYCLING PARTNER TO CREATE 100% CLOSED LOOP TITANIUM SUPPLY CHAIN

IperionX Limited (“IperionX”) (NASDAQ:IPX, ASX: IPX) and Aperam Recycling through its American entity ELG Utica Alloys (“ELG”) have executed an agreement to create a low-carbon 100% closed loop 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.

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 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 in the U.S. 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% closed loop 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 our titanium scrap intensity carbon emissions[1], further driving Aperam’s sustainability efforts."

 

Anastasios (Taso) Arima, IperionX CEO said:

“We are pleased to partner with Aperam to advance a more sustainable 100% closed loop U.S. titanium supply chain. This agreement with Aperam Recycling 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.”

 

 

100% scrap Ti feedstock

100% recycled Ti powder

3D printed products

Machined product

 

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.

For further information and enquiries please contact:

info@iperionx.com +1 704 461 8000

 

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.

 

 

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. ELG Utica Alloys specialize in servicing aerospace, oil & gas, power generation, and engineering. For further information, please refer to our website at www.aperam.com.

 

 

Contact

 

Investor Relations / Thorsten Zimmermann: +352 661 570 250; thorsten.zimmermann@aperam.com

Company Secretary / Julia Eisenmann +352 661 527 279; julia.eisenmann@aperam.com

Corporate Communications / Raquel Faria +352 661 128 989; raquel.faria@aperam.com

 

 

 

 

 

 

 

 

 

 


[1] Scope 1 of IperionX, Scope 3 for Aperam's ELG Utica Alloys.


Dissemination of a Financial Wire News, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.


1684943 20-Jul-2023 CET/CEST

corporate announcement transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

Date   Source Headline
24th Apr 20245:01 pmEQSAperam publishes its 'made for life' report for 2023
2nd Apr 20249:00 amEQSAperam BioEnergia kicks off Patch partnership by selling 15,000 metric tons of carbon removal
29th Mar 20246:00 amEQSAperam publishes Convening Notice for Annual General Meeting of shareholders
26th Mar 20246:00 amEQSAperam announces the publication of its Annual Report 2023
15th Feb 20243:01 pmEQSAperam and Metalshub partnership for a Digital Source-to-Contract solution
9th Feb 20246:30 amEQSAperam announces dividend payment schedule for 2024
9th Feb 20246:02 amEQSAperam - Full year and fourth quarter 2023 results: “Stainless Market in Crisis, Alloys, Recycling & Renewables Deliver””
8th Jan 202411:59 amEQSAperam announces its financial calendar for 2024
15th Dec 20233:31 pmEQSDesignated Person Notification
14th Dec 20236:02 pmEQSNexa Resources advances in the acquisition of 10,000 tons of bio-oil from Aperam BioEnergia to reduce emissions when producing zinc oxide
7th Dec 20232:00 pmEQSAperam published a Designated Person Notification
5th Dec 20231:00 pmEQSBSH confirms decarbonization strategy with selection of Aperam infinite™ near-zero carbon stainless steel
10th Nov 20236:01 amEQSThird quarter 2023 results: “Trough results in a challenging macro environment”
27th Sep 20233:01 pmEQSAperam launches its new sustainability brand for all its near-zero* footprint premium products, related services and solutions – Aperam infinite.TM
22nd Sep 20235:01 pmEQSDetailing Q3 guidance
4th Aug 20232:54 pmEQSDesignated Person Notification
27th Jul 20237:00 amEQSAperam publishes its Half Year Report for 2023
27th Jul 20235:58 amEQSSecond quarter 2023 results: “Navigating successfully a recessionary European environment”
24th Jul 20235:16 pmEQSAperam Ventures is pleased to announce an investment in mecorad GmbH, mecorad offers in-line measurement & optimization for hot metal forming of steel and non-ferrous metals
20th Jul 20234:01 pmEQSIperionX and Aperam Recycling partner to create 100% closed loop titanium supply chain
13th Jul 20235:34 pmEQSAperam receives the highest rating from Ecovadis, a recognition of its strong sustainability management system
3rd Jul 202311:03 amEQSDesignated Person Notification
8th Jun 20235:34 pmEQSAperam expands its forest business and pursues its strategy of investing in sustainable new business models
3rd May 20235:59 amEQSFirst quarter 2023 results “Resilient EBITDA turns into solid free cash flow in a demanding quarter”
2nd May 20234:01 pmEQSAperam announces results of its General Meetings
27th Apr 20235:06 pmEQSAperam publishes its 'made for life' report for 2022
31st Mar 20236:00 amEQSAperam publishes Convening Notice for Annual General Meeting and Extraordinary General Meeting of shareholders
28th Mar 20236:05 amEQSAperam S.A.: Annual Report 2022
2nd Mar 20239:30 amEQSAperam South America becomes the 1st in its segment to obtain ResponsibleSteel™ certification in Latin America
23rd Feb 202311:00 amEQSDesignated Person Notification
21st Feb 202310:59 amEQSDesignated Person Notification
17th Feb 20233:59 pmEQSAperam announces cancellation of shares
16th Feb 20238:02 amEQSEuronext includes Aperam in its new BEL® ESG stock market index
10th Feb 20236:08 amEQSAperam announces dividend payment schedule for 2023
10th Feb 20236:04 amEQSAperam & Econick have formed a JV called Botanickel to become a world leader in the responsible and sustainable production of biosourced nickel for the stainless steel industry.
10th Feb 20236:00 amEQSFull year and fourth quarter 2022 results
12th Dec 20225:01 pmEQSDesignated Person Notification
6th Dec 20225:01 pmEQSAperam announces its financial calendar for 2023
10th Nov 20226:17 amEQSThird quarter 2022 results
11th Oct 202211:00 amEQSAperam published its Half-Year Report 2022
7th Oct 20223:00 pmEQSAperam announces the completion of its share buyback program
4th Oct 202211:01 amEQSDesignated Person Notification
27th Sep 202211:01 amEQSDesignated Person Notification
21st Sep 202211:01 amEQSDesignated Person Notification
20th Sep 202211:00 amEQSDesignated Person Notification
16th Sep 202211:01 amEQSDesignated Person Notification
6th Sep 202211:01 amEQSDesignated Person Notification
30th Aug 202211:01 amEQSDesignated Person Notification
23rd Aug 202211:01 amEQSDesignated Person Notification
18th Aug 202211:36 amEQSDesignated Person Notification

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