ASX Runners: Santa Fe, Energy World, Next Science and Loyal Metals
All-time highs on the back of weak global economic data and geopolitical instability don't seem like the strongest foundation for markets. Regardless, materials stacked on most of the Aussie index's gains as the copper price hit US$10,000 (A$15,200) per tonne for the first time this year.
The red metal has turned into one of 2025's hottest commodities plays, with huge global M&A and copper-gold raisings forecasting continued strength into the new financial year.
Dominoes was the market's most notable loser. Its share price dropped nearly 25 per cent, after its recently appointed revolutionary CEO and managing director resigned. The surprise 'see ya later' left the market reeling, asking the remaining board 'what the heck just happened?'.
Gold finished the financial year flat, as safe haven demand dissipated, ending a near six-month winning streak for the yellow metal. The precious metal remains at all-time high prices thanks to threats of United States President Donald Trump's returning Tariff War looming large for next week's market digestion.
This week's Bulls N' Bears Runners, like the broader ASX, was dominated by the materials sector. Taking out top spot was a microcap minnow vanadium explorer turned West African gold hopeful, which snapped up a huge project from a big brother goldie in the booming region.
Up 416% (3.1c – 16c)
This week's Runner of the week was snatched by Santa Fe Minerals, which blasted off on Thursday after unveiling its acquisition of the Eburnea gold project in Côte d'Ivoire from Turaco Gold.
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Trump signs controversial spending bill into US law
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The tense standoff over the bill included a record-long floor speech by House Democratic Leader Hakeem Jeffries, who spoke for eight hours and 46 minutes, blasting the bill as a giveaway to the wealthy that would strip low-income Americans of federally-backed health insurance and food aid benefits. US President Donald Trump has signed into law a massive package of tax and spending cuts in a ceremony at the White House, one day after the Republican-controlled House of Representatives narrowly approved the signature legislation of Trump's second term. The bill, which will fund Trump's immigration crackdown, make his 2017 tax cuts permanent, and is expected to knock millions of Americans off health insurance, was passed with a 218-214 vote after an emotional debate on the House floor. "I've never seen people so happy in our country because of that, because so many different groups of people are being taken care of: the military, civilians of all types, jobs of all types," Trump said on Friday at the ceremony, thanking House Speaker Mike Johnson and Senate Majority Leader John Thune for leading the bill through the two houses of Congress. "So you have the biggest tax cut, the biggest spending cut, the largest border security investment in American history." Trump scheduled the ceremony on the South Lawn of the White House for the July 4 Independence Day holiday, replete with a flyover by stealth bombers and fighter jets like those that took part in the recent US strikes on nuclear facilities in Iran. Hundreds of Trump supporters attended, including White House aides, members of Congress, and military families. The bill's passage amounts to a big win for Trump and his Republican allies, who have argued it will boost economic growth, while largely dismissing a nonpartisan analysis predicting it will add more than $US3 trillion ($A4.6 trillion) to the nation's $US36.2 trillion ($A55.2 trillion) debt. While some lawmakers in Trump's party expressed concerns over the bill's price tag and its hit to healthcare programs, in the end just two of the House's 220 Republicans voted against it, joining all 212 Democrats in opposition. The tense standoff over the bill included a record-long floor speech by House Democratic Leader Hakeem Jeffries, who spoke for eight hours and 46 minutes, blasting the bill as a giveaway to the wealthy that would strip low-income Americans of federally-backed health insurance and food aid benefits. US President Donald Trump has signed into law a massive package of tax and spending cuts in a ceremony at the White House, one day after the Republican-controlled House of Representatives narrowly approved the signature legislation of Trump's second term. The bill, which will fund Trump's immigration crackdown, make his 2017 tax cuts permanent, and is expected to knock millions of Americans off health insurance, was passed with a 218-214 vote after an emotional debate on the House floor. "I've never seen people so happy in our country because of that, because so many different groups of people are being taken care of: the military, civilians of all types, jobs of all types," Trump said on Friday at the ceremony, thanking House Speaker Mike Johnson and Senate Majority Leader John Thune for leading the bill through the two houses of Congress. "So you have the biggest tax cut, the biggest spending cut, the largest border security investment in American history." Trump scheduled the ceremony on the South Lawn of the White House for the July 4 Independence Day holiday, replete with a flyover by stealth bombers and fighter jets like those that took part in the recent US strikes on nuclear facilities in Iran. Hundreds of Trump supporters attended, including White House aides, members of Congress, and military families. The bill's passage amounts to a big win for Trump and his Republican allies, who have argued it will boost economic growth, while largely dismissing a nonpartisan analysis predicting it will add more than $US3 trillion ($A4.6 trillion) to the nation's $US36.2 trillion ($A55.2 trillion) debt. While some lawmakers in Trump's party expressed concerns over the bill's price tag and its hit to healthcare programs, in the end just two of the House's 220 Republicans voted against it, joining all 212 Democrats in opposition. The tense standoff over the bill included a record-long floor speech by House Democratic Leader Hakeem Jeffries, who spoke for eight hours and 46 minutes, blasting the bill as a giveaway to the wealthy that would strip low-income Americans of federally-backed health insurance and food aid benefits. US President Donald Trump has signed into law a massive package of tax and spending cuts in a ceremony at the White House, one day after the Republican-controlled House of Representatives narrowly approved the signature legislation of Trump's second term. The bill, which will fund Trump's immigration crackdown, make his 2017 tax cuts permanent, and is expected to knock millions of Americans off health insurance, was passed with a 218-214 vote after an emotional debate on the House floor. "I've never seen people so happy in our country because of that, because so many different groups of people are being taken care of: the military, civilians of all types, jobs of all types," Trump said on Friday at the ceremony, thanking House Speaker Mike Johnson and Senate Majority Leader John Thune for leading the bill through the two houses of Congress. "So you have the biggest tax cut, the biggest spending cut, the largest border security investment in American history." Trump scheduled the ceremony on the South Lawn of the White House for the July 4 Independence Day holiday, replete with a flyover by stealth bombers and fighter jets like those that took part in the recent US strikes on nuclear facilities in Iran. Hundreds of Trump supporters attended, including White House aides, members of Congress, and military families. The bill's passage amounts to a big win for Trump and his Republican allies, who have argued it will boost economic growth, while largely dismissing a nonpartisan analysis predicting it will add more than $US3 trillion ($A4.6 trillion) to the nation's $US36.2 trillion ($A55.2 trillion) debt. While some lawmakers in Trump's party expressed concerns over the bill's price tag and its hit to healthcare programs, in the end just two of the House's 220 Republicans voted against it, joining all 212 Democrats in opposition. The tense standoff over the bill included a record-long floor speech by House Democratic Leader Hakeem Jeffries, who spoke for eight hours and 46 minutes, blasting the bill as a giveaway to the wealthy that would strip low-income Americans of federally-backed health insurance and food aid benefits.
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Trump signs controversial spending bill into US law
US President Donald Trump has signed into law a massive package of tax and spending cuts in a ceremony at the White House, one day after the Republican-controlled House of Representatives narrowly approved the signature legislation of Trump's second term. The bill, which will fund Trump's immigration crackdown, make his 2017 tax cuts permanent, and is expected to knock millions of Americans off health insurance, was passed with a 218-214 vote after an emotional debate on the House floor. "I've never seen people so happy in our country because of that, because so many different groups of people are being taken care of: the military, civilians of all types, jobs of all types," Trump said on Friday at the ceremony, thanking House Speaker Mike Johnson and Senate Majority Leader John Thune for leading the bill through the two houses of Congress. "So you have the biggest tax cut, the biggest spending cut, the largest border security investment in American history." Trump scheduled the ceremony on the South Lawn of the White House for the July 4 Independence Day holiday, replete with a flyover by stealth bombers and fighter jets like those that took part in the recent US strikes on nuclear facilities in Iran. Hundreds of Trump supporters attended, including White House aides, members of Congress, and military families. The bill's passage amounts to a big win for Trump and his Republican allies, who have argued it will boost economic growth, while largely dismissing a nonpartisan analysis predicting it will add more than $US3 trillion ($A4.6 trillion) to the nation's $US36.2 trillion ($A55.2 trillion) debt. While some lawmakers in Trump's party expressed concerns over the bill's price tag and its hit to healthcare programs, in the end just two of the House's 220 Republicans voted against it, joining all 212 Democrats in opposition. The tense standoff over the bill included a record-long floor speech by House Democratic Leader Hakeem Jeffries, who spoke for eight hours and 46 minutes, blasting the bill as a giveaway to the wealthy that would strip low-income Americans of federally-backed health insurance and food aid benefits.
