Ryan Stancil,
Editor
March 16, 2026
Commodity Callout
While other commodities lagged, lithium experienced a slight uptick over the course of the week.
Metal Price Update
Gold — As the war drags on, increasing dollar strength, profit-taking, and general hesitance among investors have weighed on gold, pushing it down. It started the week at $5,144 per ounce and ended around $5060. Even with that, it’s still in a bull market and still has the fundamentals to climb higher in time.
Silver — It was the same for silver, which started around $88 per ounce and ended around $81.30. Investors who are thinking in the long term are using this as a chance to continue stocking up for when things eventually turn around.
Copper — Copper was also down, starting the week around $5.90 per pound and ending around $5.76. Its drop wasn’t as dramatic, likely because it isn’t typically viewed as a hedge against volatility, but this is a buying opportunity all the same.
Lithium Carbonate — Lithium climbed slightly, going from around $22,300 per metric to around $23,000. Zimbabwe’s recent export ban could be slowly driving up the price of remaining supply. This trend could continue for as long as the export ban is in place.
Uranium — Uranium also experienced a drop in price, but one that was barely noticeable. It started around $85.95 per pound and ended around $85.65. The price will likely remain stable as immediate demand for supply stabilizes, but prices are likely to climb when the realization that demand is going to go up hits.
Company Callout
With markets as constrained as they are, many buyers are either sheltering in place or cutting losses in order to preserve capital. This is the perfect opportunity to buy companies at a discount and one good name for that is Almadex Minerals (TSX-V: DEX)(OTC: AXDDF).
It’s a company that has a lot going for it. This includes properties throughout the southwest that are rich in copper, gold, silver, and experienced management that helps advance these projects via company-owned drill rigs, robust treasuries, and royalty agreements.
At the helm of the company is Morgan Poliquin, a seasoned industry veteran who has made career-defining discoveries in Mexico and is poised to do the same here. Recent market volatility has pulled the company’s shares below established buy-under prices, opening the window to add or buy shares in a company that is positioned to do extremely well in the commodity bull market.
You can hear more insights about the company and how it stands above its peers in the latest premium episode of Investing in Bizarro World by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest