Basic equation for pure metallic reflectance

I'm working on a live wallpaper that shows a pure metallic object. Since it's a live wallpaper, I can make a ton of approximations...this isn't a full blown scene in a game world. My shader only has to support this one material. People won't expect extreme detail, etc. So, for example, I don't even bother with diffuse since a pure conductive material barely has any.

So I'm trying to implement a reflective conductive surface that pulls the reflection from a cubemap representing the lighting environment. On a very basic level it looks like this:

vec3 fresnelSchlick (vec3 f0, float cosTheta)
{
return mix(f0, vec3(1.0), pow(1.0 - cosTheta, 5.0));
}

//...
float NdV = dot(normal, viewDir);
vec2 brdf = texture2D(u_brdf, vec2(u_roughness, NdV)).rg; // from a LUT

vec3 reflection = textureCube(u_cubemap, reflect(viewDir, normal));
gl_FragColor = reflection * (fresnelSchlick(materialColor, NdV) * brdf.x + brdf.y);


The problem with my simple math here is that the range of possible final pixel colors does not produce a proper-looking range of hues. Suppose my material color is #0050ff and the environment is monochrome white. Then all of the possible colors that could be seen are:

This doesn't allow for bright looking reflections at the light sources in the envmap. I found this example material render for comparison. The cubemap in the example here is close to monochrome white. But at the bright areas of the reflection, there is a lot of red component in the color.

With my limited range of colors, my object looks dull and lifeless. Can anyone point out what I'm missing in my equation?