The forecasted net receipts of purchased aluminum new scrap, specifically wrought sheet and clippings, in the US indicate growth from 710.65 thousand metric tons in 2024 to 801.9 thousand metric tons by 2028. Compared to 2023, when the volume was approximately 688 thousand metric tons, there is a notable year-on-year increase. Specifically, the upward trend reflects an annual growth rate of around 3.14% on average over five years, serving as a compound annual growth rate (CAGR).
Future trends to watch for include potential impacts from technological advancements in recycling efficiency, fluctuations in aluminum demand across different industries, and changes in government regulations promoting sustainability. Additionally, global market dynamics and raw material supply concerns may influence these forecasts.
