Nickel prices fell on Wednesday, despite the US dollar's drop against its peers, amid expectations of a shortage in the global supply of several industrial metals.
The Russian mining company Nornickel said last month that its production of nickel, copper, platinum and palladium would be lower by 15-20% than its primary target.
The company, which is the world's largest producer of palladium, added that based on calculations of February mine closures due to water problems, its production of palladium, nickel, copper and platinum would drop by 710,000 ounces.
The dollar index fell against a basket of major currencies by 0.1% to 91.7 points as of 13:39 GMT, after hitting a high of 91.8 points and a low of 91.6 points.
As of 13:50 GMT, nickel spot future contracts fell 0.2% to $16,192.9 per tonne.