The forecasted stock levels of purchased aluminum new scrap, dross, and skimmings at secondary smelters in the US indicate a steady increase from 2024 onwards, with figures rising from 13.57 thousand metric tons in 2024 to 15.08 thousand metric tons in 2028. This represents year-on-year percentage increases of approximately 2.8% per year on average. The compound annual growth rate (CAGR) over the five-year period is also approximately 2.8%. As of 2023, these stocks reportedly stood at approximately 13.20 thousand metric tons, emphasizing this consistent upward trend.
Future trends to watch include:
- Technological advancements in smelting and recycling processes, potentially increasing efficiency and capacity.
- Regulatory changes that could impact scrap aluminum sourcing and processing.
- Fluctuations in global aluminum prices and consumption patterns which might affect the demand for recycled materials.
