BEIJING, Dec 21 (Reuters) - Prices of most base metals ticked up on Wednesday, with support from weak U.S. dollar and tight supplies amid falling inventories and possible production cuts.

Three-month copper on the London Metal Exchange added 0.4% to $8,388 a tonne by 0150 GMT.

Among other metals, LME aluminium climbed 0.4% at $2,382 a tonne, zinc was up 0.3% to $3,090.50, lead edged 0.1% up to $2,181, and tin gained 0.5% to $24,020.

The dollar index was little changed after slipping lower on Tuesday, as the yen soared to a four-month peak after the Bank of Japan (BOJ) said it would review its yield curve control policy.

A weaker dollar makes the greenback-priced commodity more attractive to non-dollar buyers.

Tight global stocks for metals including copper and aluminium and news of possible production cuts also helped to lift market sentiment.

Bloomberg reported on Tuesday that Russia's Norisk Nickel , the biggest producer of refined nickel, is considering reducing output by 10% next year.

Panama government ordered Canada's First Quantum Minerals last week to pause operations at its flagship copper mine in the country after missing a deadline to finalize a deal that would have increased payments to the government from the mine.

The most-traded January copper contract on the Shanghai Futures Exchange advanced 1% to 65,790 yuan ($9,440.11) a tonne.

SHFE aluminium gained 0.4% at 18,640 yuan a tonne, zinc added 0.3% to 23,560 yuan and nickel rose 2.2% to 218,740 yuan, and tin was up 2.4% to 196,300 yuan.

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DATA/EVENTS (GMT)

($1 = 6.9692 yuan) (Reporting by Siyi Liu and Dominique Patton; Editing by Rashmi Aich)