Weekly | Is strong gold momentum lifting $VAU, $NEM & $EVN?-To The Moon - Tiger Brokers Online Investing Community

Weekly | Is strong gold momentum lifting $VAU, $NEM & $EVN?

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,697.30 on Friday, up 1.18% in the past 5 days.

1. $Vault Minerals Ltd(VAU.AU)$ +8.74% & $NEWMONT CORP-CDI(NEM.AU)$ +8.58% & $EVOLUTION MINING LTD(EVN.AU)$ +6.33%

Common Reasons：

Gold prices surged above A$6,400/oz (equivalent to ~US$4,200+ globally) in early December, driven by expectations of US Fed rate cuts and geopolitical factors, boosting all ASX gold miners including VAU and NEM.
Broader ASX 200 gains, particularly in mining and gold stocks, with the index up ~1.2% on December 11 and gold miners leading, amplifying VAU & NEM's upward move amid positive market sentiment.

Reasons for Each Company：

VAU continued repurchasing shares, with updates showing over 2.8 million securities bought back by December 9 and further purchases announced on December 10, signaling strong management confidence in undervaluation.
Recent upgrades (e.g., Jefferies Buy with A$180 PT) and strong Q3 cash flow commentary fueled momentum, extending NEM's December gains as investors priced in sustained high gold prices.
Evolution funded an initial CA$3M into the Nevada North Lithium Project JV by mid-December, increasing its stake to ~25.85% and adding exposure to battery metals, attracting investors amid energy transition interest.

2. $PLS Group Ltd(PLS.AU)$ +7.89%

UBS upgraded PLS from Sell to Neutral with a A$4.00 price target around December 8-9, sharply raising lithium price forecasts and battery demand projections, sparking renewed buying interest.
Spodumene prices rallied above US$1,000/t and lithium carbonate gained ~25% YTD, driven by stronger EV and battery storage demand, boosting sentiment for pure-play producers like PLS.
The name change to PLS Group highlighted global expansion (including Brazil assets and POSCO JV), reinforcing its shift to a broader energy transition player and attracting investors.

3. $Alcoa Corp(AAI.AU)$ +6.14%

LME aluminum prices climbed to ~US$2,920/t (near 3-year highs) by early December, driven by China's production caps, reduced exports, and tight global supply amid rising demand from EVs and renewables.
ASX 200 rose ~1.2% on December 11-12 led by miners, with industrial metals and gold strength amplifying gains in aluminum-exposed stocks like AAI amid positive sentiment from Fed easing.
Chinese informal aluminum production ceiling (~45Mt/year) and export declines tightened global balances, supporting higher prices and boosting Alcoa's integrated operations.
Alcoa's strategic gallium project support, debt redemption announcement (notes due 2027), and strong Q3 results with cost efficiencies continued to underpin investor confidence in December.

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