Ryan Stancil,
Editor
April 13, 2026
Commodity Callout
It was a week of slight upward movement in many commodities, with none standing out above all others. Now it’s a question of whether they can maintain this momentum.
Metal Price Update
Gold — Gold continued its upward trend, starting the week around $4680 per ounce and ending around $4770. The agreement of a ceasefire certainly helped things, but the situation in Iran remains perilous, so it’s a question of whether gold can maintain this momentum.
Silver — Silver moved in a similar direction, starting just over $73 per ounce and ending just over $76. While the market continues watching Iran, it can be expected for gold and silver to continue moving in tandem.
Copper — Copper continued showing promise, starting around $5.60 per pound and ending just shy of $5.90. Given the ongoing situation, it will be interesting to see if copper can continue this trend of quiet wins week to week.
Lithium Carbonate — Lithium stayed rangebound over the past week, starting the week around $23,050 per metric ton and ending around $22,800. It’s a slight dip from recent price gains, but the fact that lithium seems to be holding a tight range is a good sign for future prospects.
Uranium — Uranium moved up, starting around $85.10 per pound and ending around $85.80. The conflict only reinforces the reality that energy independence is going to be increasingly important, and uranium will be the big winner there.
Company Callout
One company to watch is Q2 Metals (TSX.V: QTWO)(OTCQB: QUEXF), a gold and lithium miner with a lot to talk about. Recent drill results show why the company is poised to be one of the top names in the sector.
Recent drilling at its Cisco property has turned up 200-meter-plus intervals of continuous spodumene, a source of lithium. The find is so abundant that company management has to take time to figure out where to cut off the resource. This is the kind of company that flies under the radar until it doesn’t.
Given its resource and the experience of the management team at the helm, Q2 will be a prime target for a buyout from a bigger company as the lithium market heats up.
If you want to learn more, you can listen to an in-depth conversation that Gerardo has with Q2’s Vice President of Exploration, Neil McCallum, in the latest episode of Investing in Bizarro World.
Click here to learn more.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest