IperionX Agrees To Supply Titanium Components To Ford

IperionX (ASX:IPX) has agreed to supply titanium metal components to automobile manufacturer, Ford Motor Company.  

Under the scope of work (SoW), IperionX will supply its 100% recycled low-carbon titanium metal for future Ford Performance production vehicles.

Ford Performance is the racing and high-performance division of Ford and is well-known for its performance cars such as the F150 Raptor, Shelby GT500, Mustang Mach 1 and Bronco Raptor.

Ford is aiming to become the only manufacturer competing in Formula 1, Le Mans 24 Hours with Mustang GT3, WRC and the M-Sport Ford Puma Hybrid Rally 1, Baja 1000 with Ranger Raptor and Bronco, and NASCAR and Supercars with Mustang.

Automotive parts made with titanium have superior strength-to-weight rations, outstanding durability and high levels of corrosion resistance.

Unique to IperionX, its parts can be sustainably recycled at the end of its life.

Chief executive Anastasios Arima said the company is proud to partner with a company that is aiming to achieve carbon neutrality.

“Ford has a commitment to achieve carbon neutrality by 2050,” he said.

“We are proud to partner with Ford to accelerate the deployment of a sustainable, circular titanium supply chain for the global automotive market.

“Our low-carbon titanium metal is uniquely made with 100% recycled titanium and can significantly improve automotive supply chains by using high-strength titanium components with nearly half the weight of steel.”

The SoW follows a detailed program of strength and quality testing with Ford’s sustainability and advanced materials divisions.

This program verified that IperionX’s titanium surpassed the required parameters under the ASTM international standards.

The titanium components will undergo a comprehensive finishing study to assess a range of potential surface finish of parts.

Upon completion of all the work and testing, the insights will be used to guide the final design and costs.