The conduit isn't' "the wire", nor is it made "pre-strung", so to speak. It's just a flexible metal "sheath" through which wires or a cable are run inside the walls, which happens to be metal, so can be used as a ground, even if it can't safely withstand the full current the circuit in question can carry for long. As a functional matter, though not necessarily a legal/code one, there's no reason it wouldn't be used with aluminum wire as well as copper. And you also wouldn't necessarily see it when doing simple things like replacing outlets or switches inside the boxes since it (usually) terminates on the outside of them (which is how it can create a "ground" at the box, even if there is no actual ground wire.) On the other hand, since the aluminum wire was presumably used to cut costs, that would tend to argue against the original contractor using conduit, too, unless for some reason it was actually required at the time, and I have no idea what they rules about using it (pro or con) ever were, under the NEC or any other relevant code...