An aluminum alloy suitable for diecasting of components with high elongation in the cast state contains, as well as aluminum and unavoidable impurities, 8.0 to 11.5 w. % silicon, 0.3 to 0.8 w. % manganese, 0.08 to 0.4 w. % magnesium, max 0.4 w. % iron, max 0.1 w. % copper, max 0.1 w. % zinc, max 0.15 w. % titanium and 0.05 to 0.5 w. % molybdenum. Optionally, the alloy also contains 0.05 to 0.3 w. % zirconium, 30 to 300 ppm strontium or 5 to 30 ppm sodium and/or 1 to 30 ppm calcium for permanent refinement and for grain refinement gallium phosphide and/or indium phosphide in a quantity corresponding to 1 to 250 ppm phosphorus and/or titanium and boron added by way of an aluminum master alloy with 1 to 2 w. % Ti and 1 to 2 w. % B.