Nickel prices declined on Wednesday as the dollar gained ground against most major rivals ahead of 2023.

Traders continue to monitor dollar's movements as traders sell the greenback on bets the Federal Reserve will cut interest rates in early 2024.

At the London Metals Exchange, aluminium prices rose 0.2% to $2267 a tonne, while nickel fell 0.3% to $16,700, as zinc fell 0.4% to $2572, as lead shed 0.2% to $2068, while tin fell 0.4% to $25045.

In Asian trade, aluminium rose 0.1% to 18,945 yuan a tonne, while zinc rose 1% to 21,055 yuan a tonne, as lead fell 0.2%.

Otherwise, the dollar index rose 0.2% to 102.3 as of 17:25 GMT, with a session-high at 102.4, and a low at 102.1.

Nickel spot prices fell 0.1% as of 17:37 GMT to $16.43 thousand a tonne.