FEAR & GREED | Business News Afternoon Report | Miners win
Jun 5, 2025
Today's financial update reveals a flat ASX while battery metals experience a surge. Iron ore prices are on the decline, signaling potential shifts in the mining sector. Additionally, a fresh update from Virgin adds intrigue to the aviation industry. The landscape is further shaped by talks between Trump and Putin, highlighting ongoing geopolitical tensions. Dive into these key developments for a snapshot of the ever-evolving business environment.
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ASX Market Flat with Sector Variations
- The ASX market finished flat at 8,539 points despite early optimism for a record close.
- Tech stocks and miners outperformed while insurers and healthcare underperformed.
Battery Metals Surge Amid Supply Risks
- Lithium and rare earth mineral stocks surged despite a general market lull.
- European car makers face production risks due to China's export restrictions on rare earth alloys.
Virgin's Float Backed by Institutional Investors
- Virgin's bankers secured underwriting commitments for its $685 million float.
- This guarantees Bain Capital a substantial payday after its 2020 pandemic-era buyout.