Ryan Stancil,
Editor
Jan. 13, 2025
Commodity Callout
China’s push to limit or outright ban the export of certain critical commodities has already caused prices to rise. Nowhere is this more apparent than with the price of antimony, a metal used to make military equipment, among other things. It currently trades between $39,500-40,000 per metric ton and is only going to keep increasing from there, analysts believe. That price is already up 250% over the course of 2024. We’ve already generated profits from a gold miner that produces antimony as a byproduct thanks to recent permit approval from the US government, and it’s a winner we plan on holding for a while yet.
Metal Price Update
Gold
Central bank buying, along with persistent inflation saw gold increase from under $2640 to just over $2700 last week. China also announced a new round of stimulus, which is expected to give gold another reason to keep climbing.
Silver
Silver saw its range climb upward, as it often moves in tandem with gold. Its range was smaller, from just under $28 to just over $30, but it made the case for why it should be part of a commodities portfolio all the same.
Copper
Increasing global demand also saw copper prices in a strong upward trend. The global shift toward renewable energy is sure to keep this momentum going.
Lithium Carbonate
Lithium oversupply has continued to weigh on prices, making it hard for them to break out of a slump that began last spring. The current depressed prices could present a buying opportunity for when they do rebound.
Uranium
It seems like you can’t go a single day without hearing about AI, which is why uranium prices are holding strong. Nuclear power is the only way to power AI data centers while meeting climate goals. And those data centers need uranium.
Company Callout
As Nick pointed out in his weekly issue of Hodge Family Office:
MineHub (TSX-V: MHUB)(OTC: MHUBF) has caught a bid over the past week, with shares breaking out to new 52-week highs, touching C$0.44. Abaxx, with which MineHub recently did a share swap, is now a 19.87% owner and has a major interest in the company’s long-term success. Abaxx is also launching a nickel sulphate contract on its exchange this week. People are starting to notice and make the connections that we’ve already made. This article, posted by The Sherlock Review on Twitter, has been viewed tens of thousands of times. Gerardo also caught up with MineHub chairman Vince Sorace to get the latest on their deal with Abaxx. You can check that out here or below.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest