Aluminum Price in 1984
In 1984, the price of aluminum averaged $1,251 per tonne, down 13.0% from the year before. This page covers the 1984 average, high, low, and year-end close, the events that moved the market, and what that aluminum would be worth in today's dollars.
1984 Average
$1,251
LME annual average, USD/tonne
Change vs 1983
-13.0%
from $1,438 in 1983
What happened to the aluminum price in 1984
Aluminum averaged $1,251 per tonne in 1984, down 13.0% from $1,438 the year before.
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 1984 average of $1,251 equals about $3,881 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 1984?
What is a 1984 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.