Aluminium Rallies on Technical Support, Weaker Dollar

METAL COMMODITY - LONDON. Aluminium prices rose through key resistance levels on Monday, supported by lower inventory, a weaker dollar and expectations the U.S. Federal Reserve will this week announce a bigger rate cut.

Three-month aluminium on the London Metal Exchange (LME) was up 1.9% at $2,518 a metric ton during official rings. Gains pared after rising 2.5% to $2,534.5, the highest since Aug. 28.