Aluminum Price in 2003
In 2003, the price of aluminum averaged $1,431 per tonne, up 6.0% from the year before. This page covers the 2003 average, high, low, and year-end close, the events that moved the market, and what that aluminum would be worth in today's dollars.
2003 Average
$1,431
LME annual average, USD/tonne
Change vs 2002
+6.0%
from $1,350 in 2002
What happened to the aluminum price in 2003
Aluminum averaged $1,431 per tonne in 2003, up 6.0% from $1,350 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 2003 average of $1,431 equals about $2,507 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 2003?
What is a 2003 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.