In 2023, the consumption of purchased new and old aluminum scrap at foundries in the US stood at 65.5 thousand metric tons. The forecast data from 2024 to 2028 shows a steady decline in consumption, starting at 62.29 thousand metric tons in 2024 and decreasing to 48.79 thousand metric tons by 2028. This represents an approximate annual decrease of 6%, with a compound annual growth rate (CAGR) of -6.15% over the five-year period.
Future trends to watch for include potential impacts of technological advancements in recycling efficiency, evolving regulations on environmental sustainability, and fluctuations in global aluminum demand which may influence scrap availability and market dynamics.
