In 2023, Alcoa Inc.'s primary aluminum production capacity in the US stood at 702,000 metric tons. From the data, we observe a downward trend beginning in 2024, with forecasts showing a consistent annual decrease in capacity. The year-over-year decline is projected to be approximately 5.3% in 2025, 5.1% in 2026, 5.2% in 2027, and 5.1% in 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is expected to be around -5.0%. This suggests a steady reduction in Alcoa's aluminum production capacity domestically.
Future trends to watch for include potential shifts in market demand that could influence Alcoa's strategic decisions regarding production capacity. Additionally, environmental regulations and advancements in alternative materials or recycling initiatives might further impact the aluminum industry and production outlook.
