Gold (62%), silver (117%), platinum (88%), copper (38%), lithium (27%), and a host of other metals have had massive years thus far. For some metals, like gold and silver, inflation and central bank buying have been the primary drivers. For others, like lithium and rare-earth metals, a global race for control of key resources has spurred huge rallies. Add in economic worries, a growing interest in real assets, and a weakening dollar, among other factors, and 2025 will go down as one of the best years on record for metal prices. Consequently, the companies that mine for metals have greatly benefitted.
Source: FactSet, as of December 8, 2025.