Aluminum reached its highest recorded price in July 2008. At that time, aluminum cost just over 3,271 dollars per ton.
The U.S. aluminum market is valued at more than 35 billion dollars annually. The lowest recorded value of aluminum was about 1,022 dollars per ton in late 1993. The 2008 peak price was quickly followed by a steep drop to the next lowest value of approximately 1,300 dollars by March 2009.
Because aluminum is used in many diverse industries ranging from aerospace to consumer goods, its price is directly linked to overall health of the U.S. economy. The price fall in late 2008 and 2009 resulted from the Great Recession in the U.S. and subsequent global recession.