Ryan Stancil,
Editor
March 17, 2025
Commodity Callout
Gold finally hit $3000 per ounce last week. It reached that milestone and went slightly past it before pulling back to where it was just shy of that number. We’ve been saying how this was going to happen eventually and now we’re saying it won’t be long before that number is a distant memory. You’re going to want to have gold in your portfolio before that happens. You can learn about the best gold miner to buy into by clicking here.
Metal Price Update
Gold — The milestone we’d been keeping an eye out for finally happened. Gold hit $3000 per ounce last week before a slight pullback saw it close Friday at around $2991. As of this morning, it pushed back up, just past that number, showing that the trend could be sustainable.
Silver — Silver had a good week too, ranging between $32.50 and just over $34 per ounce. The catalysts were the same as they were with gold in that increased volatility had investors looking for safe places to leave their money. Given predicted economic contraction to come, it’s likely silver will follow gold to new all-time highs.
Copper — Copper saw its price rise, moving from $4.74 to $4.87 per pound over the last week. It’s aiming at new all-time highs as the market wakes up to the essential role the metal will play in the future of energy.
Lithium Carbonate — Lithium prices last week continued to trend downward, between $10,338 and $10,341 per ton. There was some up and down movement in that time but it continues to trend lower overall.
Uranium — Uranium prices continue a slow decline, ranging between $64.40 and $63.36 per pound to end the week lower than the prior week. It’s struggling to find footing at a time where other commodities are experiencing the opposite. Given the fundamentals behind it, this could still be looked at as a buying opportunity.
Company Callout
One company to watch is CoTec Holdings (TSX-V: CTH)(OTC: CTHCF), a company that pursues eco-friendly and technology-driven opportunities in the minerals extraction industry. It just announced plans related to its rare earth magnet recycling project. Those plans include higher production capacity, increasing the size of the project, and technology that will allow for the recycling of even more rare earth materials. The announcement of this plan has increased the project’s base case Net Present Value (NPV) from $262 million to $279 million and that value is forecast to reach at least $590 million over time. You can learn more about the company through Hodge Family Office, where Nick recently moderated a webinar that featured the company’s CEO, among others.
Cotec is also a portfolio company at Private Placement Intel, where it has returned 28% to investors in just under a year so far. Click here to learn more about private placements like this one and how they can help investors make big gains in short time spans.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest