** Shares of Australia's IperionX IPX.AX rise as much as 7% to A$7.9, their highest level since October 22
** Titanium alloys producer says it received $0.3 million prototype purchase order from American Rheinmetall
** Contract for production of 700 lightweight titanium components for U.S. Army heavy ground combat systems
** Stock rose 1.8% in 2025, up 38.3% YTD
(Reporting by Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))
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