Ryan Stancil,
Editor
Aug. 4, 2025
Commodity Callout
Gold saw something of a bounce in its price thanks to a weak jobs report last night that has the market pricing in a September rate cut. It’s back to $3,375 this morning after dipping to $3,275 last week.
Metal Price Update
Gold — Gold bounced back last week, starting the week at around $3310 per ounce and ending it just over $3400. It seems like the weak jobs report spurred upward movement for gold, signaling that investors still trust it as a haven investment during times of economic volatility.
Silver — Silver moved down. It started around $38.34 per ounce and ended the week just under $37. A stronger dollar driven by hawkish comments by Chairman Powell weighed on silver, sapping some of the momentum it had been enjoying of late.
Copper — Copper saw a big dip in its price. It started at $5.63 per pound and ended the week at $4.43 per pound. A lot of this has to do with Trump blinking on copper-related tariffs after traders had been stockpiling in anticipation of the effects the tariffs would have. Now it’s a question of how prices will be able to recover after hitting three-month lows.
Lithium Carbonate — Lithium wasn’t immune to pullbacks either. After a string of wins, the price of lithium fell. It started the week at $10,300 per metric ton and ended at $9893. It could have been a combination of profit taking and the same reactionary withdrawal of investments that plagued other metals. Now it’s a matter of seeing if the price can get some of that momentum back over the next few weeks.
Uranium — Uranium continued to hold steady. It started around $71.30 per pound and ended around $71.60. This could be where it holds for a while until the fundamentals behind it push the price back up.
Company Callout
Patriot Battery Metals Inc. (TSX: PMET)(OTCQX: PMETF) was recently back in the news thanks to the expansion of its cesium resource at the Shaakichiuwaanaan lithium-cesium project in Quebec, Canada.
Cesium isn’t a metal you hear talked about as much as elements like copper and lithium but it’s no less important. It’s used in a wide range of electronics as well as atomic clocks, which are essential in global positioning systems. Among other things, these are essential for navigation in space travel, so cesium could become an increasingly important element in the very near future.
A company like Patriot having access to a substantial amount of it is a positive for investors because cesium is one of many metals that China monopolizes. As more investors become aware of the need for an important metal like this, a company like Patriot will undoubtedly gain more attention and interest.
Learn more about the company, this discovery, and how management plans to capitalize by listening to Gerardo’s recent interview with CEO Ken Brinsden.
You can do that by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest