Metals Monday: Lithium in the Limelight

Commodity Callout

Lithium’s time may finally be here. It enjoyed a massive surge in value over the last week. 

Metal Price Update

Gold — Gold’s upward climb continues. It started the week around $4490 per ounce and ended above $4550. So it’s surpassed one milestone and could be looking toward the next one. 

Silver — Silver continues outpacing all others in the sector. It started the week around $69 per ounce and climbed well past $77. At this point, it’s hard to say just where silver’s ceiling is, but it’s clear that now is the time to get in before it runs away even more. 

Copper — Copper moved ahead last week after largely holding in place in previous weeks. It started around $5.50 per pound and ended around $5.85. More investors could be waking up to the fundamentals behind copper, pushing it toward new highs. 

Lithium Carbonate — Lithium prices had been climbing recently, but they’ve massively surged over the past week. Over the course of the week, prices went from $14,060 per metric ton to just shy of $16,000. Lithium plays a critical role in large-scale energy storage as well as powering electric vehicles and insiders are projecting a strong rise in demand in 2026. 

Uranium — Uranium had a good week as well. It largely held in the low $81-per-pound range, but that was up from the previous week. There is no denying how important nuclear energy is to the future, and investors are starting to wake up to that fact as electricity demand continues to climb.

Company Callout

PMET Resources (TSX: PMET)(OTC: PMETF) has made the news once again because continued drilling continues to show why the company is a strong investment choice. 

The company recently provided an exploration update that shows the continuity of its assets goes well beyond what were already considered to be world-class holdings. High-grade deposits of lithium and caesium have been uncovered across multiple zones with the latest round of drilling. 

In total, PMET has completed just over 57,000 meters of drilling and still has another 15,000 meters of assays still pending. This has district-scale potential and is something you’ll want to make part of your portfolio. 

You can learn more about the company in the pages of Underground Alpha by clicking here.

Keep your eyes open,

Ryan Stancil

Ryan Stancil
Editor, Resource Stock Digest