Ryan Stancil,
Editor
May 18, 2026
Commodity Callout
Uranium proved to be more resilient than most. That, alongside its growing demand, will prove to be useful in the long-term.
Metal Price Update
Gold — Gold held steady for most of the week, until mass pullbacks across the market took some of gold’s value with it. It started the week around $4765 per ounce and fell to $4560. It’s still in a bull market, however, and still has tailwinds that could push the price back up sooner than later.
Silver — Silver suffered the same fate as gold. It started the week just short of $88 per ounce and ended around $77.50. This could be an opportunity to buy at a discount ahead of any price recovery.
Copper — Copper saw some upward movement before it too pulled back. It started around $6.50 per pound, got as high as $6.70, and then pulled back to around $6.30. This is still a time to buy shares, because its demand isn’t going anywhere.
Lithium Carbonate — Even lithium’s consistent upward trend was somewhat halted by the market-wide pullback. It started the week around $28,700 per metric ton, got as high as $29,500 and ended around $28,200. That puts it back to around where it was the prior week and shows its resilience in a market where demand is only going to climb in the near future.
Uranium — Uranium is often overlooked in the commodity conversation, which seems to give it the benefit of not experiencing such wild swings in downturns. It started the week around $86.20 per pound, moved up to around $86.30 and ultimately fell to around $86.15. With its price relatively rangebound, you should continue adding it to your portfolio.
Company Callout
Despite not being a mining company, MineHub Technologies Inc. (TSX-V: MHUB)(OTCQB: MHUBF) is a name that stands to benefit greatly from the commodity boom.
In essence, the company is built around providing mining companies with a digital solution that makes it easy for them to do things like manage inventory, meet compliance standards, track shipments, and simplify the process of calculating emissions. MineHub’s platform helps bring the complicated task of managing mining-related logistics into the 21st century through increases in efficiency and sustainability. It couldn’t have come at a better time, with the commodity bull market in full swing and poised to climb higher.
MineHub is in a unique position in that its platform is really the only one like it, so it’s no surprise that the company has been in an uptrend since April 2024. It recently made inroads in the Asian mining market thanks to an agreement with Sumitomo Metal Mining Co., Ltd., a top mining company in Japan. It’s now one of 240 companies using MineHub’s services and further strengthens the case for why MineHub is a company that should be in any portfolio that contains commodity investments.
If you’d like to learn more about the company, you can get updates and full investment guidance in the pages of Underground Alpha by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest