Ryan Stancil,
Editor
June 30, 2025
Commodity Callout
Copper is going to become a much bigger deal in the short term. Its price climbed last week and existing supplies continue to dwindle faster than they can be replenished. While gold is often a favorite investment among commodities traders, copper could very well be one that ends up taking precedence in many portfolios.
Metal Price Update
Gold — It looks like gold is entering its summer doldrums period. It was down last week, starting around $3480 per ounce and ending around $3280. Geopolitical tensions are easing somewhat and trading activity has dropped. It’s testing support levels at these prices, but it could be used as a buying opportunity to stock up in your portfolio.
Silver — Silver fared a little better than gold, holding in the $36 per ounce range, and even recovering from slight dips in the 5-day period. Like gold, these depressed prices could be used to add to the portfolio in order to hold for the eventual turnaround.
Copper — Copper climbed, on the other hand. It started the week around $4.86 per pound and ended just over $5. As the squeeze on existing supply continues, the price will continue to rise. Traders may even prioritize this over other commodities like gold and silver over the short term.
Lithium Carbonate — Lithium saw a rise in its price last week. It started around $8340 per ton and ended the week at $8526. This is the second time in under a month lithium saw a rise in its price, so we’ll once again see if it can maintain this momentum. It’s possible because the world is slowly beginning to realize how essential lithium is to the future as China maintains its stranglehold on supply. Savvy investors will continue to watch and add at depressed prices.
Uranium — Uranium kept its momentum going. It started the week around $77.50 per pound and ended around $79. The fact that uranium is in a bull market is catching on, and it might not be long before the prices we’re seeing now are a distant memory.
Company Callout
In keeping with uranium’s surge in price, one company you will want to watch is Energy Fuels (NYSE: UUUU)(TSX: EFR). This company just cleared the last regulatory hurdle on its way to moving forward with its Donald joint venture project in Australia. Now the company can work on finalizing arrangements for debt and equity financing ahead of a final investment decision.
The joint venture is in collaboration with Australia-based Astron Corporation Limited and gives Energy Fuels the right to invest AU$183 Million and $US17.5 million in common shares to earn up to 49% interest in the project. This is a long-term investment that will give the company a steady supply of uranium that it can import to the US for processing into high-purity separated rare earths, allowing them to take advantage of the unfolding bull market in the sector.
That’s what makes this company one of the best bets in America’s plan to secure its own rare earths supply chain. It’s going to gain more attention from investors looking for a way into that sector before long.
You can learn more about the company in the pages of Hodge Family Office by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest