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  "documentTitle": "IperionX Ltd. (IPX)",
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      "text": "Spruce Point interviewed a materials science expert who opined on the HAMR process and titanium product end markets.",
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      "text": "This is dominated by large players that have consolidated over the years... So I would never, as a former engineer, I would never try to launch a company saying, I'm going to come out with new fasteners from a technical standpoint.",
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      "text": "And so fasteners to us are a terrible place to start because fasteners are a structural engineer's last resort to ensure structural integrity. That's how we know that things are going to be held together.",
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      "text": "The HAMR process has a bit more steps, which is something that is never, from a material process perspective, more steps is never great.",
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      "text": "I think the headline here is that there's three and a half times more capacity than sales for six four powder. And a lot of that was because several companies made investments into six four powder production just before COVID.",
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      "text": "\"The HAMR process has a bit more steps, which is something that is never, from a material process perspective, more steps is never great.\" — Materials Science Expert; \"I think the headline here is that there's three and a half times more capacity than sales for six four powder.\" — Materials Science Expert; \"So I would never, as a former engineer, I would never try to launch a company saying, I'm going to come out with new fasteners from a technical standpoint.\" — Materials Science Expert",
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      "text": "Source: Spruce Point research interview. See disclaimers related to experts. Red emphasis of quotes from Spruce Point.",
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