The paper presents the comparison of two methods of recycling aluminum from HDD platters—the melting method and the method of plastic consolidation. The main elements of HDD memory, i.e., data carriers (platters), were examined via the percentage share of the total HDD mass and also via EDS analysis. The most common are platters made of the aluminum alloy series 5XXX, which are covered with a thin magnetic layer made of nickel. The research involved removing data carriers from about 30 HDDs and fragmenting them. The next step was to divide the platters into three groups; one was melted, the second was subjected to plastic consolidation, and the third group was fragmented into chips and also subjected to the consolidation process. Then, in the process of co-extrusion, rods were extruded from each material, and were subjected to EDS analysis, microstructure testing, Vickers hardness, and uniaxial tensile tests, and then the obtained results were compared. The obtained results of the microstructural tests in the case of gravity cast material confirmed the presence of the Al3Ni globular phase in the matrix. In the case of pressed and extruded materials, the Al3Ni phase appeared at the Ni-AlMg contact. After plastic consolidation, all the tested rods were characterized by their comparable strength properties (a tensile strength of 250 MPa and yield strength of 105 MPa).