The June 2026 Commodities Tracker highlights firming uranium fundamentals, copper supply risks driven by trade policy, and ongoing headwinds for precious metals from high interest rates. Geopolitical disruptions in the Strait of Hormuz continue to influence global energy market inventories and pricing.
Key Takeaways
- 1.Uranium term prices rose to $93/lb, with utilities securing long-term supply amid nuclear energy expansion in Europe and SMR project delivery.
- 2.Copper markets face supply tightness due to potential US import tariffs and ongoing production disruptions at the Grasberg mine.
- 3.Persistent 'higher-for-longer' interest rate expectations create headwinds for gold, though central bank buying and infrastructure improvements provide support.
Table of Contents
- Nuclear Energy & Uranium
- Base Metals and Copper
- Gold and Silver
- Critical Minerals, Battery Tech, and Lithium
- Oil and Gas
- Charts & Graphs
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Authors
Global X Investment Strategy Team
Securities
WTI Crude Oil
Themes
Energy TransitionGeopolitical Disruption
Regions
GlobalEuropeUnited StatesChinaItaly