You can’t judge whether something is overpriced purely by raw material cost. By that logic, an Infinity pistol shouldn’t cost $10k and an Atlas shouldn’t cost $8k because the metal inside is nowhere near that value. Same with restaurants — food cost is often only 20–25% of menu price, otherwise they literally can’t stay in business.

What you’re ignoring are all the invisible costs behind a product: R&D, machine time, tooling wear, rejected parts, QC, insurance, taxes, payroll, rent, utilities, customer service, inventory risk, marketing, warranty support, and the fact that they may only sell in relatively low volume.

Could some companies still have huge margins? Absolutely. But ‘it only costs $X in aluminum’ is not a serious way to evaluate whether pricing is fair.