AU Evening Wrap: ASX Jumps 1.3%, Led by Miners

The $S&P/ASX 200 (.XJO.AU)$ rallied 1.3 per cent, or 90.9 points, to 7309.9 on Tuesday, boosted by gains across the materials sector.

$Newcrest Mining Ltd (NCM.AU)$ jumped 5.2 per cent to $$29.74 after Newmont lobbed a revised takeover offer for the company.

$Evolution Mining Ltd (EVN.AU)$ firmed 3.9 per cent higher to $3.51 after updating its guidance due to the weather event that occurred at its Ernest Henry operations on March 8.

$BHP Group Ltd (BHP.AU)$ rose 2.1 per cent to $45.98 after Vietnam's Competition and Consumer Authority approved its proposed acquisition of $Oz Minerals Ltd (OZL.AU)$.

Rare earths group $Arafura Rare Earths Ltd (ARU.AU)$ added 2.1 per cent to 49¢ after signing an offtake agreement to supply neodymium and praseodymium (NdPr) to European industrials group Siemens for up to five years.