Aluminum Price in 1983
In 1983, the price of aluminum averaged $1,438 per tonne, up 45.0% from the year before. This page covers the 1983 average, high, low, and year-end close, the events that moved the market, and what that aluminum would be worth in today's dollars.
1983 Average
$1,438
LME annual average, USD/tonne
Change vs 1982
+45.0%
from $992 in 1982
What happened to the aluminum price in 1983
Aluminum averaged $1,438 per tonne in 1983, climbing 45.0% from the $992 average of 1982.
A deep early-1980s recession pulled aluminum back below $1,000, before a late-decade supply squeeze from capacity closures and depleted inventories spiked it to a then-record near $2,550 in 1988.
Adjusted for inflation, aluminum's 1983 average of $1,438 equals about $4,653 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of aluminum in 1983?
What is a 1983 aluminum price worth in today's dollars?
Annual averages are World Bank and LME aluminum prices per tonne in US dollars (LME cash and settlement basis). Values before the LME aluminium contract launched in October 1978 are producer and list-price proxies, and the 2025 figure is preliminary. Where daily data exists, the per-year high, low, and close come from MetalCharts historical data. Inflation adjustments use BLS CPI-U annual averages.