A method is provided for fabricating a carbon nanotube metal matrix composite. The method may include forming a molten mixture by combining carbon nanotubes with a molten solution. The carbon nanotubes combined with the molten solution may be dispersed therein. The method may also include transferring the molten mixture to a mold and applying a magnetic field to the molten mixture in the mold to substantially align at least a portion of the carbon nanotubes with one another. The method may further include solidifying the molten mixture in the mold to fabricate the carbon nanotube metal matrix composite, where at least a portion of the carbon nanotubes may be substantially aligned in the carbon nanotube metal matrix composite.