It also extends a battle for control among miners for commodities essential for making electric vehicles and renewable-energy infrastructure, as Newcrest's gold mines also produce significant amounts of copper. OTHER STORIES:$14 Billion Deal to Create Mega-Pipeline CompanyPipeline operator Oneok agreed Sunday to buy smaller rival Magellan Midstream Partners for about $14 billion, a deal that would form one of the biggest U.S. companies involved in transporting and storing energy. (yusuf.khan@wsj.com)--Oil Weakness Continues on Demand Worries0735 GMT - Oil prices edge lower, adding to sharp losses this month, as demand signals look weak while supplies have remained strong. The EV industry is a major source of demand for lithium, which is widely used in batteries. Citi notes that major battery manufacturer CATL has recently noted sequential order improvement, a sign that "an inflection point" may be emerging for EV battery production rebound and the consequent lithium demand recovery, Citi says.

Source: Wall Street Journal May 15, 2023 09:45 UTC