Aluminum Price in 2002
In 2002, the price of aluminum averaged $1,350 per tonne, down 6.5% from the year before. This page covers the 2002 average, high, low, and year-end close, the events that moved the market, and what that aluminum would be worth in today's dollars.
2002 Average
$1,350
LME annual average, USD/tonne
Change vs 2001
-6.5%
from $1,444 in 2001
What happened to the aluminum price in 2002
Aluminum averaged $1,350 per tonne in 2002, down 6.5% from $1,444 the year before.
The China-led supercycle lifted aluminum past $2,600 by 2006-2008 before the 2008 financial crisis crashed it to around $1,665 in 2009.
Adjusted for inflation, aluminum's 2002 average of $1,350 equals about $2,419 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 2002?
What is a 2002 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.