Ryan Stancil,
Editor
June 29, 2026
Commodity Callout
It was a week of price drops and rebounds, providing plenty of opportunities to buy a variety of commodities.
Metal Price Update
Gold — It started off as a down week, but there was a bit of turnaround at the end for gold. Prices started around $4208 per ounce, dropped below $4000 and then recovered to around $4100. A weakening dollar amid more talks of rate hikes had investors seeking safety.
Silver — Silver was on a similar trajectory. It started at $65 per ounce, dropped below $57 and then recovered to just above $59. If hawkish Fed talk continues, it could easily go higher.
Copper — Copper moved in a tight range, starting around $6.35 per pound, dropping under $6 and rebounding to $6.20. It appears to move in tandem with other metals, but doesn’t experience as wide a range of volatility. Traders should continue adding it to their portfolios.
Lithium Carbonate — Lithium prices continued to drop. They started the week around $23,200 per metric ton and ended around $22,400. There are rumors of a mine restart in China, which could weigh on prices in the near future, but lithium still has strong long-term prospects and investors should continue buying.
Uranium — Uranium prices dropped, wiping out gains from the previous week. They started around $86.10 per pound and ended around $85.50. That’s around the price it was two weeks ago and shows that uranium is largely rangebound and a stable investment.
Company Callout
One story you’re going to continue hearing about is China and its export controls over critical metals. This is where CoTec Holdings Corp. (TSX-V: CTH)(OTCQB: CTHCF) comes in as a strong investment play for the kind of environment that’s going to create.
Its HyProMag USA joint venture is setting up to be key to the US’s strategy of developing an independent critical metals supply chain. It’s going to do that mainly through recycling magnets from products that are at the end of their life and turning them into neodymium (NdFeB) magnets. Neodymium is crucial to the defense industry, as well as electric vehicles and medical imaging devices, so the incentive is there to make sure we don’t have to rely on countries like China for supply.
CoTec is in a strong position because HyProMag has begun ordering long-lead equipment for a Texas facility that will include three Hydrogen Processing of Magnet Scrap vessels, along with magnet processing and finishing equipment. The Texas facility is expected to produce over a 1000 tonnes of recycled sintered NdFeB magnets, plus 478 tonnes of NdFeB co-products per year over a 40-year operating life.
The technology it offers has already been commissioned and is in operation in Germany and the UK, so it has a template for expanding in the US while showing potential clients they have options for getting away from China’s influence.
Rare earth magnets are going to be increasingly important in the fight to establish independent critical metals supply chains, so CoTec is a company you will want to continue to watch.
You can learn more about the company, its recent news, and its prospects in the latest issue of Underground Alpha by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest