Ryan Stancil,
Editor
July 28, 2025
Commodity Callout
Copper is getting serious. It’s been on the move for the past month and has recently come within striking distance of $6 per pound. Once it hits that milestone, there’s no reason to think it can’t keep climbing from there.
Likewise, lithium hit a big milestone.
Metal Price Update
Gold — It was another up and down week for gold. It started around $3353 per ounce and ended around $3336. With trade deal negotiations ongoing, gold doesn’t have as volatile an environment to thrive in, so it’s holding the line for now.
Silver — Silver, on the other hand, moved up. It started at $38.40 per ounce and moved up, nearly touching $40. It ended the week around $38.20. It’s not hard to imagine it hitting that next milestone and testing whether it can hold there.
Copper — Copper moved up too. It started around $5.58 per pound and came very close to $6 before settling just under $5.80. The effects of Trump’s tariffs are making themselves known and putting money in the pockets of investors.
Lithium Carbonate — It was another big week for lithium. It started around $9479 per metric ton and ended over $10,169. Exciting times. There’s no doubt that lithium is in a bull market. The only question is how much will it continue to climb.
Uranium — Uranium largely held over the course of last week, starting around $71.25 per pound and ending up at $72.30. This could be a further sign that things are leveling off after the price pulled back from recent highs. The tailwinds behind it are still strong, so uranium is one to keep holding.
Company Callout
One company to watch is Cotec Holdings (TSX-V: CTH)(OTC: CTCHF), a company set to benefit from the rare earths bull market that’s currently unfolding. It has a rare earths recycling project in Texas that is projected to begin producing revenue in 2027. That’s the same state as Apple’s similar project with MP materials, and it’ll be happening sooner than what Apple and MP have going.
Company management has already secured funding and materials needed to run the project. It is gaining interest from manufacturers and potential funding partners and already has approval from the Department of Defense. It’s another way in which the US is going to establish rare earth independence from China and has the advantage of flying under the radar while investors flock to MP because of the mainstream attention.
You can learn more about the company and listen to Nick’s interview with its CEO, Julian Treger, in the latest issue of Hodge Family Office. Click here to do that now.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest