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ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Thursday.IperionX (ASX:IPX): -9%, AU$2.84Elisight (ASX:ELS): -5%, AU$4.83FireFly Metals (ASX:FFM): -7%, AU$1.76Westgold Resources (ASX:WGX): -6%, AU$5.84GrainCorp (ASX:GNC): -5%, AU$6.57Austal (ASX:ASB): -5%, AU$4.42Elders (ASX:ELD): -4%, AU$6.25Zimplats (ASX:ZIM): -5%, AU$17.00Vulcan Energy Resources (ASX:VUL): -5%, AU$2.48ELEVRA Lithium (ASX:ELV): -6%, AU$7.56

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Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Tuesday.4DMedical (ASX:4DX): -4%, AU$3.38IperionX (ASX:IPX): -4%, AU$3.01Domino's Pizza Enterprises (ASX:DMP): -3%, AU$19.58Nine Entertainment (ASX:NEC): -3%, AU$0.86Sims Metal Management (ASX:SGM): -3%, AU$24.40Elders (ASX:ELD): -3%, AU$6.51Dicker Data (ASX:DDR): -3%, AU$14.35HMC Capital (ASX:HMC): -2%, AU$3.30Judocaphol (ASX:JDO): -2%, AU$1.04NEXTDC (ASX:NXT): -2%, AU$12.47

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IperionX Says JPMorgan Chase Raises Stake

IperionX (ASX:IPX) said JPMorgan Chase and its affiliates raised their voting power in the firm to 6.66% as of Tuesday from 5.4% previously, according to a Friday Australian bourse filing.JPMorgan Chase holds 24.1 million ordinary shares in the firm as of Tuesday.IperionX's shares fell nearly 2% in recent trading on Friday.

ASX:IPX
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IperionX Set to Benefit From Strong Titanium Demand, US Policy Support, Jefferies Says

IperionX (ASX:IPX) is well positioned to benefit from rising demand for titanium and strong US government support, with its technology offering significant cost advantages and the Titan project providing further upside, Jefferies said in a Wednesday note.Jefferies said the company should benefit from reshoring efforts and long-term demand growth in electric vehicles, drones, space launch vehicles and satellites, while a shortage of Western titanium supplies is expected to support the company and maintain policy backing across administrations.The company aims to produce around 1,400 metric tons of titanium per year by 2027, scaling to more than 10,000 metric tons per year by 2030, with full mine-to-finished-product integration expected between the second half of 2028 and the first half of 2029.The investment firm projects the company's process innovations could cut energy consumption by about 90%, capital expenditure by 70% to 80%, and operating costs by roughly 50%, compared with existing high-purity titanium powder producers.Jefferies estimates 2027 earnings before interest, taxes, depreciation and amortization at $28 million at a realized average selling price of $50 per kilogram, with every $5 per kilogram increase adding $7 million, and values Titan project at $15 per share, rising $3 per share on a final investment decision but falling $5 per share if financing is delayed.It noted that US government support, including up to $99 million in Department of Defense procurement, feedstock transfers and financing, should largely offset risks from execution, scale-up, powder qualification, Titan final investment decision timing and potential dilution.Jefferies started coverage on IperionX with a buy rating and a $26 price target.

ASX:IPX
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IperionX Secures US Army Task Order With Potential Value of More Than $25 Million; Shares Down 4%

IperionX (ASX:IPX) secured a second US Army task order under its $99 million Small Business Innovation Research phase three contract for low-cost, domestic titanium for defense applications, according to a Monday filing with the Australian bourse.The task order has a potential value of up to $25.4 million, with $11.5 million obligated, per the filing.The current funding fully covers three priority industrialization work packages while providing an initial allotment to a fourth, the company said.It added that $79.2 million remains available under the overall phase three contract ceiling.The company's shares fell 4% in recent Monday trade.

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Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.Storage King (ASX:SKG): -9%, AU$1.164DMedical (ASX:4DX): -6%, AU$3.68Develop Global (ASX:DVP): -6%, AU$4.78IperionX (ASX:IPX): -6%, AU$3.27Paladin Energy (ASX:PDN): -5%, AU$10.06Alcoa Corp CDI (ASX:AAI): -5%, AU$69.67Almonty Industries CDI 1:1 (ASX:AII): -5%, AU$19.25HomeCo Daily Needs REIT (ASX:HDN): -4%, AU$1.16Mineral 260 (ASX:MI6): -4%, AU$0.75South32 (ASX:S32): -4%, AU$4.73

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ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Thursday.Silex Systems (ASX:SLX): -7%, AU$4.74Weebit Nano (ASX:WBT): -4%, AU$4.29Benz Mining (ASX:BNZ): -4%, AU$3.88EQ Resources (ASX:EQR): -4%, AU$0.32Deep Yellow (ASX:DYL): -4%, AU$1.36Tasmea (ASX:TEA): -3%, AU$8.60Beach Energy (ASX:BPT): -3%, AU$0.86Megaport (ASX:MP1): -3%, AU$18.90Block (ASX:XYZ): -3%, AU$117.23IperionX (ASX:IPX): -3%, AU$3.32

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Update: IperionX Plans Redomiciliation to Texas, Direct Nasdaq Listing to Replace ADS Structure, Shares Fall 5%

(Updates to add share movement in the headline and the last paragraph)IperionX (ASX:IPX) intends to redomicile its ultimate parent company to Texas, subject to shareholder, court, regulatory and other customary approvals, to align its legal and capital markets structure with its integrated US manufacturing, critical minerals and technology operations, according to a Monday Australian bourse filing.The company said common stock in the new US parent is expected to be listed directly on Nasdaq, replacing IperionX's existing American depositary share (ADS) structure, subject to final structuring and exchange approvals, with the proposed redomiciliation not expected to change its underlying assets, operations or strategic priorities.IperionX is developing an integrated US platform extending from domestic titanium minerals and recycled titanium feedstocks through low-cost titanium metal production to advanced manufactured products and components, it added.The company's shares fell 5% in recent Monday trade.

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Asia

IperionX Plans Redomiciliation to Texas, Direct Nasdaq Listing to Replace ADS Structure

IperionX (ASX:IPX) intends to redomicile its ultimate parent company to Texas, subject to shareholder, court, regulatory and other customary approvals, to align its legal and capital markets structure with its integrated US manufacturing, critical minerals and technology operations, according to a Monday Australian bourse filing.The company said common stock in the new US parent is expected to be listed directly on Nasdaq, replacing IperionX's existing American depositary share (ADS) structure, subject to final structuring and exchange approvals, with the proposed redomiciliation not expected to change its underlying assets, operations or strategic priorities.IperionX is developing an integrated US platform extending from domestic titanium minerals and recycled titanium feedstocks through low-cost titanium metal production to advanced manufactured products and components, it added.

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IperionX Targets Run-Rate Production Capacity of Around 200 Tonnes Per Year of Titanium Powder by 2026-End

IperionX (ASX:IPX) continues to target a run-rate production capacity of around 200 tonnes per year of titanium powder by the end of the year, subject to completion of ramp-up and operating optimization activities, according to a Thursday Australian bourse filing.The company's Virginia titanium powder production operations continued on a 24/7 production schedule during the June quarter, focused on supporting customer qualification, engineered product programs and direct powder requirements, per the filing. Production volumes during the quarter were temporarily reduced by furnace downtime and maintenance.IperionX said its 300-ton, six-axis Sacmi powder metallurgy press successfully completed site acceptance and commissioning in May in Virginia. The first of two additional HSPT sintering furnaces has arrived and is being installed and commissioned.The company ended the quarter with $35.2 million in cash.The company's shares fell 6% in recent Thursday trade, hitting a 52-week low.

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Asia

IperionX Completes Acquisition of Tennessee Assets; Shares Down 4%

IperionX (ASX:IPX) completed the acquisition of the Camden critical mineral, property, and infrastructure assets, located near its Titan project in Tennessee, according to a Thursday filing with the Australian bourse.Grab samples from the surface stockpiles returned a total heavy minerals (THM) grading of up to 21.5%, while previous one-ton bulk samples yielded 9.9% and 23% THM, the filing said.The acquisition consolidates and expands the company's landholding across the Big Sandy Critical Minerals Province, per the filing.Shares fell nearly 4% in morning trade on Thursday.

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Update: IperionX Awarded Up to About $7 Million by US Department of War for Titanium Manufacturing Expansion; Shares Up 7%

(Updates to add stock movement in the headline and the last paragraph)IperionX (ASX:IPX) said it has been awarded up to $6.6 million under a US Department of War program funded by the Office of the Secretary of War Submarine Workforce and Industrial Base, according to a Wednesday Australian bourse filing.The award supports expanded manufacturing capability for large-format military titanium components at its Titanium Manufacturing Campus in Virginia.The company said the award forms part of a larger, multi-organization program to scale production of high-performance titanium alloy products, including ballistic-grade titanium plate, for land and maritime defense platforms.IperionX has also received an additional purchase order from the US Army Ground Vehicle Systems Center to manufacture a range of titanium fasteners for the Joint Light Tactical Vehicle in support of US Army and Marine Corps operational requirements, it added.The company's shares rose past 7% in recent Wednesday trade.

ASX:IPX
Asia

IperionX Awarded Up to About $7 Million by US Department of War for Titanium Manufacturing Expansion

IperionX (ASX:IPX) said it has been awarded up to $6.6 million under a US Department of War program funded by the Office of the Secretary of War Submarine Workforce and Industrial Base, according to a Wednesday Australian bourse filing.The award supports expanded manufacturing capability for large-format military titanium components at its Titanium Manufacturing Campus in Virginia.The company said the award forms part of a larger, multi-organization program to scale production of high-performance titanium alloy products, including ballistic-grade titanium plate, for land and maritime defense platforms.IperionX has also received an additional purchase order from the US Army Ground Vehicle Systems Center to manufacture a range of titanium fasteners for the Joint Light Tactical Vehicle in support of US Army and Marine Corps operational requirements, it added.

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IperionX Acquires Tennessee Silica Sand Assets Adjacent to Titan Project for $3 Million, Shares Up 9%

IperionX (ASX:IPX) agreed to acquire certain key assets associated with Covia Solutions' silica sand operation in Camden for $3 million, with the assets located adjacent to its Titan project in Tennessee, according to a Monday Australian bourse filing.The company said the Camden assets have the potential to be synergistic with Titan by adding feedstock optionality and reduced development complexity, with the assets including mineral rights, existing stockpiles, mining and processing equipment, a rail spur, about 1,400 acres of owned property, and about 1,400 acres of leased property, with access to established power, water, and gas infrastructure.Camden is located in the McNairy Formation geological system, proven to be rich in monazite and xenotime, heavy rare earth minerals typically rich in dysprosium, terbium, and yttrium, with a combined Titan-Camden platform having the potential to underpin domestic supply chains for heavy rare earths, titanium, and zircon, the filing added.IperionX plans to advance stockpile surveys, drilling, sampling, mineralogical analysis, metallurgical test work, and integration and project development studies, it added.The company's shares rose 9% in recent Monday trade.

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Australian Shares Retreat; Treasury Wine Estates Projects Fiscal 2026 EBITS Outlook

Australian shares retreated on Thursday as renewed hostilities between the US and Iran began anew and peace talks showed ​little progress.The S&P/ASX 200 Index fell 1.13%, or 99.60 points, to close at 8,686.10.Brent crude oil futures fell to trade at around $96 per barrel after Lebanon and Israel agreed to a potential conditional ceasefire.Iron ore fell over 1% to $102.25 per tonne in Singapore after exports from Guinea's Simandou iron ore project rose in May.The main stock indices on Wall ​Street fell overnight, with the S&P 500 dropping 0.7% and the Nasdaq falling 0.9%, while the Dow Jones fell 1.2%.On the domestic front, Australia's goods balance recorded a seasonally adjusted surplus of AU$1.79 billion in April, up from a deficit of AU$1.02 billion in March, according to data published by the Australian Bureau of Statistics.Australia's economy faces mounting pressure from a softening labor market, stubborn inflation, and global energy uncertainty, weighing on growth and reshaping the property outlook, according to Bendigo Bank's Chief Economist, David Robertson.In company news, Treasury Wine Estates (ASX:TWE) expected fiscal year 2026 earnings before interest, tax, material items, and self-generating and regenerating assets (EBITS) to reach AU$480 million to AU$490 million. The firm projects fiscal year 2027 performance at least in line with the year prior, citing continued progress in normalizing customer inventory levels across China and the US.IperionX (ASX:IPX) said its definitive feasibility study for its Titan critical minerals project in the US returned an after-tax net present value of $813 million at an 8% discount rate, an after-tax internal rate of return of 39%, and an after-tax payback period of 3.6 years.Tasmea (ASX:TEA) declared a fully franked special dividend of AU$0.10 per share, representing a capital return of about AU$26.2 million. The dividend is payable June 25 to shareholders on record as of June 10. It also reconfirmed its fiscal year 2026 earnings guidance. Its shares earlier hit an all-time peak.

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IperionX Reports Net Present Value of $813 Million for US Critical Minerals Project in Definitive Feasibility Study

IperionX (ASX:IPX) said its definitive feasibility study for its Titan Critical Minerals Project in the US has returned an after-tax net present value of $813 million at an 8% discount rate, an after-tax internal rate of return of 39%, and an after-tax payback period of 3.6 years, according to a Thursday Australian bourse filing.The company said the study forecasts life-of-mine earnings before interest, taxes, depreciation and amortization (EBITDA) of $2.8 billion and after-tax free cash flow of $1.9 billion over an initial 14-year mine plan. The project is supported by a phase 1 development capital of $228.1 million and phase 2 incremental capital of $153.2 million, for total development capital of $381.3 million.Ore reserves stand at 117 million tons at 3.2% total heavy mineral (THM), containing 3.7 million tons of THM with about 80% classified as proved, the filing added.Phase 2 annual production is forecast at about 5,287 tonnes of heavy rare earth concentrate (HREC); 118,658 tonnes of ilmenite; 24,656 tonnes of rutile; and 65,668 tonnes of zircon concentrate, the filing said.The HREC contains strategically important heavy rare earths dysprosium, terbium and yttrium vital for US supply chains for high-performance magnets, defense, aerospace and semiconductor applications, it added.

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IperionX Titanium Fasteners Meet or Exceed SAE Grade 8 Steel in US Army-Backed Testing

IperionX (ASX:IPX) said independent testing by the US Army Combat CapabilitiesDevelopment Command Ground Vehicle Systems Center and Westmoreland Mechanical Testing & Research found its Ti-6Al-4V fasteners can meet or exceed SAE Grade 8 steel performance in torque-to-failure, torque-tension, and tensile strength tests, according to a Monday Australian bourse filing.Army testing showed that larger fasteners exceeded the yield torque of comparable Grade 8 steel, while smaller fasteners performed at or above steel levels, with some not yielding at the initial test thresholds, per the filing.Independent tensile testing measured yield strengths of 135 to 137 kilopounds per square inch (ksi) and ultimate tensile strengths of 149 to 152 ksi, meeting or exceeding key aerospace and high-strength steel standards, the filing said.The results highlight scalable, lower-cost titanium fasteners for defense and industrial use, reinforcing the company's role in developing a domestic US titanium supply chain via its powder-to-product technology, the filing added.The company's shares were up over 1% in recent Monday trade.

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Australian Shares Up, Zip Co to Continue Using Zip Brand in Australia

Australian shares rose on Thursday as hopes increased that a deal to resolve the conflict in the Middle East was nearing.The S&P/ASX 200 Index rose 1.47%, or 125.10 points, to close at 8,621.70.Brent crude oil futures fell to trade around $105 per barrel after US President Donald Trump said the country was in the final stages of talks with Iran.On the domestic front, Australia's seasonally adjusted unemployment rate rose to 4.5% in April, up from 4.3% in March, data from the Australian Bureau of Statistics showed.Australia's private sector slipped back into contraction in May as output, demand, and business sentiment weakened amid persistent inflation pressures and geopolitical disruption, according to a survey by S&P Global. The Flash Australia PMI Composite Output Index fell to 47.8 in May from 50.4 in April, signaling a moderate contraction in activity.In company news, Zip Co (ASX:ZIP) said it will continue to operate using the Zip brand in Australia after a settlement with mortgage lender Firstmac. As part of the deal, the company will acquire the registered trademark number 1021128 for Zip, allowing it to continue using the name Zip in Australia for its products and services.Tower (ASX:TWR, NZE:TWR) reported fiscal first-half earnings of NZ$0.066 per share, down from NZ$0.13 a year earlier. Gross written premium for the six months ended March 31 was NZ$300.8 million, compared with NZ$297 million a year earlier.Lastly, IperionX (ASX:IPX) completed the site acceptance and commissioning of its 300-ton six-axis SACMI powder metallurgy press at its Titanium manufacturing campus in Virginia, U.S. The facility provides higher compaction force, multi-axis movement, improved repeatability, and enhanced geometry control in comparison with conventional uniaxial pressing systems. Its shares fell 11% on market close.

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IperionX Commissions Six-Axis Powder Metallurgy Press At Virginia Titanium Manufacturing Campus

IperionX (ASX:IPX) completed the site acceptance and commissioning of its 300-ton six-axis SACMI powder metallurgy press at its Titanium manufacturing campus in Virginia, U.S., according to a Thursday Australian bourse filing.The facility provides higher compaction force, multi-axis movement, improved repeatability, and enhanced geometry control in comparison with conventional uniaxial pressing systems. It uses titanium powder produced from IperionX's U.S.-sourced feedstocks through its patented HAMR titanium process.The press also expands the types of products the firm can produce, including titanium fasteners, gears, brackets, actuators, and other complex components.The SACMI press will be integrated with additional HSPT sintering and forging furnace capacity purchased under the US government-supported IBAS expansion program, with the installation and commissioning of the furnaces expected to begin in June.

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ASX Preview: Australian Shares Set to Open Flat on Stalled US-Iran Talks; Origin Energy Reports Lower March Quarter Production

Australian shares are set to open flat on Monday, as oil prices climbed almost 2% following stalled US-Iran peace negotiations and restricted flows through the Strait of Hormuz, tightening global supply and pushing Brent crude above $107 a barrel.On April 25, the S&P 500 and the Nasdaq Composite rose 0.8% and 1.6%, respectively, while the Dow Jones Industrial Average fell 0.2%.In the macroeconomy, investors are eyeing the release of Australia's consumer price index report on Wednesday.In corporate news, Origin Energy (ASX:ORG) reported March quarter production of 164.5 petajoules, down from 167.1 petajoules a year earlier, according to a Monday filing with the Australian bourse.IperionX's (ASX:IPX) titanium powder production operations in Virginia, US, transitioned to an around-the-clock production schedule during the March quarter, advancing from commissioning to continuous operations, according to a Monday filing with the Australian bourse.Australia's benchmark index fell 0.1% or 6.9 points to close at 8,786.50 on April 24.

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