ASX:IPX
Iperionx Ltd
Investment Summary
The fund managers believe that Iperionx Ltd is strategically positioned to capitalize on the current market dynamics. In their opinion, the company's focus on recycled titanium places it at an advantage due to increasing demand for onshoring manufacturing in the US and favorable government funding. The fund managers noted that 70% of titanium sponge is sourced from China and Russia, making Iperionx a key beneficiary of tariffs imposed on these imports. They emphasized that the company's performance has contributed significantly to their portfolio, with Iperionx being the second biggest contributor to returns. Overall, the fund managers see strong potential in Iperionx as it aligns well with ongoing trends in domestic manufacturing and sustainability.
Commentary From The Managers
Minotaur Capital
30 Nov 2024
$4.47
- IperionX is a significant holding for Minotaur Capital due to its potential in the recycled titanium sector.
- The company benefits from the trend of onshoring manufacturing in the US, which aligns with current political and economic policies.
- IperionX is positioned advantageously due to tariffs, as approximately 70% of titanium sponge imports come from China and Russia.
- There is potential for government funding to support domestic production and innovation within the titanium industry.
- Minotaur Capital continues to hold in IperionX because of these favorable market conditions and strong growth prospects.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.