Gold may retreat from about $4,500/oz. towards $4,000/oz. as Jeffrey Currie, former Goldman Sachs commodities chief and now Abaxx Markets executive co-chairman, stays tactically short, citing forced central bank sales such as Turkey’s roughly 120 tonnes of disposals to fund higher energy costs. Currie still targets a long-term move towards $10,000/oz., arguing that once central banks turn dovish after an energy-driven growth shock, the trade “resets”. He links this to a broader commodity super cycle driven by capex starvation and an estimated $820 billion of 2026 spending by the “Magnificent 7 plus Oracle”.

Construction has begun on Nouveau Monde Graphite’s C$2 billion Matawinie mine in Québec, fast-tracked through Canada’s Major Projects Office and designed to produce up to 106,000 tonnes of graphite per year, which would make it the largest graphite mine in the G7. Ottawa has backed the project with financing from Export Development Canada, the Canada Infrastructure Bank and the Canada Growth Fund, plus a seven-year offtake for 30,000 tonnes of concentrate annually. The mine, 120 km north of Montreal, is expected to create over 1,000 jobs and anchor an integrated graphite-to-battery materials chain with NMG’s planned Bécancour plant.

SANY has unveiled its SKT145Ei electric unmanned wide body mining truck at the Global Mining Key Customer Summit in Xi’an, where more than 700 delegates signed equipment orders exceeding 5 billion yuan. The SKT145Ei combines a battery-electric drivetrain with autonomous haulage capability, targeting short- to medium-haul open-pit operations that currently rely on diesel wide body trucks. For mine planners and geotechnical teams, the shift to unmanned electric haulage tightens requirements on road geometry, berm design and traffic management to support consistent autonomous operation.