Carbon nanotubes(CNTs) are expected to be ideal reinforcements of metal matrix composite materials used in aircraft and sports industries due to their high strength and low density. In this study, a high pressure torsion(HPT) process at an elevated temperature(473K) was employed to achieve both powder consolidation and grain refinement of aluminummatrix nanocomposites reinforced by 5vol% CNTs. CNT/Al nanocomposite powders were fabricated using a novel molecular-level mixing process to enhance the interface bonding between the CNTs and metal matrix before the HPT process. The HPT processed disks were composed of mostly equilibrium grain boundaries. The CNT-reinforced ultrafine grained microstructural features resulted in high strength and good ductility.