Commodities Tracker: April 2026

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Key Takeaways

The Global X Research Team is pleased to announce the release of its Monthly Commodities Tracker. This commentary covers the latest developments across several commodities markets, from precious metals to uranium, copper, and the disruptive materials that are powering next-generation technologies. Click here to view the report.

Nuclear Energy & Uranium: Nuclear momentum hit a new milestone in April, as two SMR developers broke ground on the first commercial nuclear-reactor projects to grace the U.S. in a decade. Regulatory shifts favoring nuclear power continue to pick up pace in the U.S. and abroad.

Copper: Despite an uncertain environment, Chinese smelter demand for copper concentrates remains relatively strong. Shortages of sulfuric acid, a key input for specific mining methods, may impact output later in the year.

Precious Metals: Gold and silver retraced some of their March declines in early April, as buyers in China and India stepped up purchases of physical metals. Both metals remain subject to currency induced volatility.

Critical Minerals, Battery Tech, & Lithium: Deal-making momentum across both lithium and rare earths persisted in March, despite heightened volatility perpetuated by the war in Iran. The conflict did not seem to deter governments from diversifying their supply chains and it could potentially exacerbate focus on supply chain resilience in the months to come.

Our monthly commodities tracker looks at recent developments across several subsectors, including uranium, copper, precious metals, and disruptive materials.

Our monthly commodities tracker looks at recent developments across several subsectors, including uranium, copper, precious metals, and disruptive materials.

Our monthly commodities tracker looks at recent developments across several subsectors, including uranium, copper, precious metals, and disruptive materials.