Ryan Stancil,
Editor
Nov. 24, 2025
Commodity Callout
In a week where most commodities stayed in place, lithium made some big moves. This could be just the beginning.
Metal Price Update
Gold — It was another rangebound week for gold. It started just under $4060 per ounce and ended just over that, but had briefly moved back above $4100 at one point. Fading hopes of interest rate cuts likely had an effect, but gold is still a strong addition to a portfolio because of its fundamentals.
Silver — Silver mirrored gold, starting and ending the week just under $49 per ounce. It got above $52 at one point, showing its potential, but investors will have to continue holding for now.
Copper — Copper experienced the same trend as gold and silver, keeping its price in the $5 per pound range, with a brief climb above $5.05. It’s been holding steady, with supply still constrained for the foreseeable future.
Lithium Carbonate — Lithium was the clear winner this week, seeing its price continue to climb. It started the week just above $12,000 per metric ton and ended it just shy of $13,000. It would need a few more weeks to be considered a trend, but this could be an early sign of the lithium bull market waking up.
Uranium — Uranium also held range, staying close to $76 per pound for the week. This is down about a dollar from the week prior and this price action could be a reflection of general hesitation among investors amid uncertainty surrounding geopolitics and economic policy.
Company Callout
I want to bring up PMET Resources (TSX: PMET)(OTC: PMETF) again as a company you should be paying attention to, especially with lithium prices taking off.
Its Shaakichiuwaanaan project, located in Quebec, is set to be at the forefront of establishing a domestic lithium supply chain because of its sheer scale. That’s why the company is on the Trump administration’s shortlist of companies that could potentially receive federal backing in order to further develop their resources. The fact that the project also hosts significant quantities of other critical minerals is a bonus.
It’s just one of several companies featured in a new video delivered by Nick Hodge and legendary resource investor Rick Rule where they lay out other companies that fit this criteria. All of the featured companies are being eyed by the government to receive funding because they can provide critical resources that will help the US get free of China’s stranglehold on resource supply chains. That, in turn, is set to make investors in these companies extremely wealthy.
You can learn more about these companies in the pages of Underground Alpha. But you’ll want to hurry, because the report will only be up for a few more days. Click here to access the video before it goes away.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest