Ryan Stancil,
Editor
May 19, 2025
Commodity Callout
Uranium seems to have found its footing and is on an upward trajectory for the time being. Not many other commodities can say the same, so it will be interesting to see if the rest of the market catches onto this change in trend as uranium’s value continues rising amidst growing demand for nuclear power. Gerardo has three buy-rated uranium stocks for you right here.
Metal Price Update
Gold — Don’t let the price pullback fool you, gold still has plenty of fight in it. Its price fell on positive news regarding trade relations with China and that weighed on it all week. It started the week around $3240 per ounce and ended around $3200, but this is a buying opportunity for a commodity that still has plenty of promise ahead of it
Silver — Silver stayed in a range of $32.40 and $33.40, ending the week near the lower end of that range. Like gold, this is a period where smart investors buy more because the fundamentals mean it won’t be staying at these depressed prices for long.
Copper — Copper largely held the same range as it did the week before, between $4.59 and $4.70 per pound. Its immediately apparent demand, along with positive trade talks, helped it hold strong while other commodity prices fell, so that’s a good sign for gains in the near future.
Lithium Carbonate — Lithium has fallen through $9000 per ton to end last week at $8950. Given how much of a bind many other commodities found themselves in last week, it’s hard to say just where lithium’s floor is at this point.
Uranium — Uranium continued its upward move, holding within a range last week between $71.25 and $71.60. It’s getting harder to ignore, and as more traders become aware of it thanks to its importance in the future of energy, that price is only going to keep going up.
Company Callout
Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF) is back in the spotlight, first for a price downturn based on news that many thought would mean a delay to the start of one of the company’s drill programs.
But then the company’s share price rose on news that it has begun drilling at its Belen prospect at the Valiente copper-gold project in Peru. Among mining companies, Hannan is truly one to watch because of the potentially massive resource at this project and the tailwinds behind both gold and copper. Shares can be had for cheap now, but that might not be the case for much longer.
You can learn more about the company in this free in-depth report only from Resource Stock Digest.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest