Ryan Stancil,
Editor
Sept. 14, 2026
Commodity Callout
Uranium was the one commodity that had a positive week. The world is waking up to its importance.
Metal Price Update
Gold — Gold moved downward over the week, starting around $4484 per ounce and falling to just above $4400. Inflation-related news drove a selloff and investors are preparing for a possible interest rate hike, but that doesn’t change the strong long-term prospects gold has, so you should continue adding.
Silver — Silver also ended down, starting around $67.70 per ounce and managing to almost reach $69 before the inflation news pulled it down to around $65 per ounce. Like gold, it fell because traders are nervous about the coming Fed meeting, but this just presents the opportunity to buy at a discount.
Copper — Copper wasn’t immune from the downtrend either. It started around $6.70 per pound and ended the week around $6.55. The Trump administration stalled on a plan related to copper tariffs and how they might affect the midterms. That, along with past stockpiling has weighed on the price, but that doesn’t change the metal’s necessity for future electrification.
Lithium Carbonate — Lithium prices continued to decline from the previous week. They started around $22,000 per metric ton and fell to around $21,200. A change in inventory methodology weighed on prices and left traders feeling as though the data was unreliable. Traders will now have to wait and see if adjustments are made and how that will ultimately affect prices.
Uranium — Uranium prices climbed. They started around $89.50 per pound and ended around $90.15. While broad economic factors weigh on other commodities, the market seems to have woken up to the fact that uranium is growing increasingly essential and supply is being bought up while it’s still relatively cheap as a result.
Company Callout
One company to consider for your portfolio is PMET Resources (TSX: PMET)(OTCQX: PMETF). It’s a way to play the lithium sector, and with lithium prices pulling back, now might be a good time to get in.
As of late, PMET has largely traded in tandem with lithium and this latest pullback in prices is no exception. Despite all of that, it can be considered a strong investment not just because of lithium’s eventual turnaround, but also because of what else the company's assets contain.
The company’s Shaakichiuwaanaan project in Québec also contains caesium, an element that is especially important to the energy and health care industries. In its latest update, PMET details its findings related to Pollucite, the mineral that hosts caesium. The company gathered more than 2.5 tonnes of pollucite-bearing rock and the current plan is to produce 500-1000 kilograms of pollucite concentrate from that rock for further testing.
From there, the company will be able to advance development and have data to present to potential industry partners.
The company’s work with caesium is worth watching, because it gives the company value beyond its lithium holdings, and could potentially provide a hedge during volatile periods like what lithium is experiencing right now.
If you want to learn more about PMET, its assets and its prospects, Nick goes into detail about the company in the pages of Underground Alpha. You can read all about it by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest