Nickel prices rose on Wednesday on supply worries from top producers, following a mining ban on an island in the Philippines and protests at quarry sites in New Caledonia.
2021-01-13 02:05:34 GMT2021-01-13 10:05:34(Beijing Time) Xinhua English
WASHINGTON, Jan. 12 (Xinhua) The U.S. economic recovery is highly dependent on widespread vaccination as COVID-19 infections have surged across the country in months, a senior U.S. Federal Reserve (Fed) official said on Tuesday. Overall, recent indicators suggest near-term problems stemming from elevated infections and persistent public health concerns. So clearly, the near-term recovery is highly dependent on rapid, widespread vaccination, Boston Federal Reserve Bank President Eric Rosengren said at a virtual event held by the Greater Boston Chamber of Commerce. Unfortunately, to date, the inoculation rate has been disappointing, which likely will impact public health and the economy in the near term, he said.
Foreign investors have continued to provide support to the market as they have been extremely bullish on India in recent months. But this has taken valuations to scary levels, which is reflected in India VIX, indicating nervousness.
Nickel prices gained on Wednesday, with Shanghai nickel climbing more than 3%, on worries about supply disruptions in top ore producers New Caledonia and the Philippines.
In remarks prepared for a virtual event organized by the Greater Boston Chamber of Commerce, Boston Federal Reserve Bank President Eric Rosengren that the