Ryan Stancil,
Editor
Feb. 9, 2026
Commodity Callout
Gold is already on the rebound, showing the pullbacks will be short lived. Opportunities to buy in need to be taken advantage of quickly.
Metal Price Update
Gold — As some predicted, gold’s recent drop in value may have been just a minor setback. After dropping as low as $4700 per ounce, gold rebounded and ended the week just shy of $5000. It’s just above that price as of this morning. This shows that buying opportunities, when they come, don’t last long before lost ground is regained.
Silver — Silver wasn’t as fortunate as gold. Its price ended the week around $76 per ounce after starting around $78. As of this morning, it is already back above $80. This shows that patient silver investors will be rewarded from holding strong.
Copper — Copper saw up and down movement, starting and ending the week around $5.88 per pound. It got as high as $6 at points and as low as $5.60. Stockpile building has stopped and speculators may be looking for other places to try their luck, but copper’s long-term outlook is still strong, so this could be a buying opportunity.
Lithium Carbonate — Lithium prices dipped, moving away from the recent rally. They started the week around $22,000 per metric ton and ended just under $19,500. This can likely be attributed to inventories filling up as buyers stockpile the metal, thus lowering demand in the short term. The metal’s long-term prospects are still strong.
Uranium — Uranium prices also moved downward, starting around $96 per pound and ending around $86 per pound. The reasons may be the same experienced by copper, stockpiling slowing down and speculators moving on. Uranium’s demand versus lack of supply in the very near future, however, spells that these depressed prices may not last long.
Company Callout
One name to keep at the front of your mind during this commodity market is PMET Resources (TSX: PMET)(OTCQX: PMETF). While this mining company is primarily known for its lithium resource, the cesium being identified by its drilling efforts will be an increasingly important part of the company’s growing value over the coming years.
Like many metals, the markets are watching cesium supply because of supply security concerns and the metal’s many uses. Cesium is best known for being used in atomic clocks, and from that use, cesium is crucial to navigation, finance, and defense applications. Nations want to be sure they can get what they need without having to worry about supply disruptions.
PMET is in a good position because drilling at its Shaakichiuwaanaan lithium-cesium project in Quebec’s James Bay region has produced high-grade results that could make the company a go-to name for the element. As of right now, this deposit is recognized as the largest pollucite-hosted cesium resource globally and the company believes there is still more to be found.
Jurisdictional stability and existing infrastructure already make PMET an attractive prospect for commodity investors. The addition of rich cesium results, when they become more widely known, will make it a name that is on everyone’s mind.
If you want to learn more about the company, including investment guidance, you can learn more in the pages of Junior Resource Monthly by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest