The history of aluminium-lithium alloys development has been reviewed in this paper. According to the strength, weld ability and corrosion resistance, thermal stability and plasticity, aluminium-lithium alloy has been categorized and the defects of aluminium-lithium alloys in early stage have been analyzed. As compared the third generation of aluminium-lithium alloy with normal aluminum alloy and composite materials, it indicates aluminium-lithium alloy has better performance, lower cost and reduced weight. After analyzing the advantages and disadvantages of the rapid solidification, ingot casting metallurgy and electromagnetic simulated microgravity methods in synthesis of aluminium-lithium alloy, it has been found microgravity method has prominent effect on reducing the alloy segregation and lithium losses. Finally, the future development of aluminium-lithium alloys has been discussed.