Ryan Stancil,
Editor
Nov. 3, 2025
Commodity Callout
One of the big pieces of news out of the commodity sector involved the US cutting a deal for nuclear power plants. Uranium prices shot up as a result and they still have plenty of room to run.
Metal Price Update
Gold — Gold maintained a steady range over the course of the week, starting and ending the week just over $4000 per ounce. If nothing, this shows that the consolidation is holding and that gold has likely found a new floor, giving investors who thought they might have missed the rally another chance.
Silver — Silver fared better. It started the week just under $47 per ounce and ended just over $48, proving that it is something investors should be adding to their portfolios in a time where uncertainty reigns in the market.
Copper — Copper started the week around $5.16 per pound and climbed just above $5.25 before falling back and ending around where it started. Much of the price fluctuation may have had to do with the recent deal struck between China and the US, which, among other things, will ultimately weigh on the price of copper. It continues to be a good buy for investors.
Lithium Carbonate — Lithium prices saw another boost in price, starting the week around $10,772 per metric ton and climbing above $11,310. Policy tailwinds out of China may have been one of the drivers of that. The country wants to boost capacity for Energy Storage Systems and that’s going to require a lot of lithium.
Uranium — Uranium really shined last week, starting the week around $77.60 per pound and moving all the way to $82.40 at the end of the week. No doubt, the announcement of the US striking a deal with Westinghouse for $80 billion to build nuclear power plants, all of which will need uranium to run, was behind it. The mainstream is starting to make more noise about the uranium bull, so you’ll want to get in sooner than later.
Company Callout
In this environment, it’s worth bringing URZ3 Energy Corp (TSX-V: URZ) back up. This small, early-stage explorer based in the US only has a market cap of about $15 million. That value is all but guaranteed to climb with the uranium bull market starting to find its legs.
The cheap price means it’s a perfect entryway for investors who want to take advantage, and that’s exactly why the company is one of Gerardo’s top energy picks in the Junior Resource Speculator portfolio. You’ll want to add it to your portfolio before it starts taking off. Click here to learn how you can make that happen.
Call it like you see it,
Ryan Stancil
Editor, Resource Stock Digest