Ryan Stancil,
Editor
March 24, 2025
Commodity Callout
Copper’s bull market looks to be in full swing. It moved past $5 per pound and held above $5.10 for much of the week. This could be only the beginning, considering Trump is now laser-focused on giving assistance to US metals producers. That’s why Gerardo recently went and toured a new American copper mine. The stock is moving now as domestic copper stocks catch a bid. See the info from our tour here.
Metal Price Update
Gold — It looks like the gold bull market has fully arrived. It held onto an all-time-high price range well above $3000 per ounce, moving between that price and just over $3020. At one point, it was as high as $3050. This could just be the beginning of a trend that could make gold investors very wealthy.
Silver — Silver moved higher as well, ranging between $33.50 and just over $34.75 per ounce over the course of the week. It continues to remain on-track to follow gold to those new all-time highs.
Copper — Copper moved past $5 per pound and stayed there over the course of the week, even reaching around $5.10. Given its catalysts and the trend we’re witnessing with other commodities, it can be said that this will be the norm for a while.
Lithium Carbonate — Lithium was the one outlier in the past week, with its price continuing to slide between a range of $10,250 and $10,383 per metric ton. It seems like anyone’s guess where the floor could be.
Uranium — Uranium prices were on the rise, going from $63.80 to a peak of $65.50 thanks to rising demand. This has already started to have an impact on the values experienced by uranium mining companies, but it’s only a start. There’s still more room for uranium prices to keep running.
Company Callout
Hannan Metals Limited (TSX-V: HAN)(OTC: HANNF) is a mining company that is on a fast rise. This junior miner recently announced that it elected to accelerate the expiry of its 35-cent warrants issued in a May 2023 financing to April 16. This move will put a good amount of money in the company coffers. The company also recently announced that it identified a significant copper porphyry at its Previsto prospect in Peru. There’s at least 750 meters of copper at the discovery with widths up to 192 meters. This news could have a lot to do with why the company’s price is up nearly 8% today.
This couldn’t have come at a better time. Copper’s value is on the rise and its current price of over $5 per pound could soon be a distant memory. This puts Hannan in a position to make its investors extremely wealthy in this coming copper bull. Gerardo’s readers have had the chance to make over ten times their money on Hannan with phase-one drilling just around the corner.
And this copper play could be the next one to move in a big way. It’s an up-and-coming American copper producer, so it’s already benefiting from Trump’s tariffs and posturing. That's why Gerardo recently went and toured this new American copper mine. The stock is moving now as domestic copper stocks catch a bid. See the info from our tour here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest