The forecast for the consumption of purchased aluminum new scrap castings in the US from 2024 to 2028 indicates a steady upward trend. In 2023, consumption was at 85.0 thousand metric tons. The year-on-year variations show a consistent increase of approximately 1.9% per annum. The 5-year compound annual growth rate (CAGR) averages around 1.9%. This positive trajectory reflects growing demand or improved recycling efforts in the aluminum industry.

Future trends to watch for include:

Technological advancements in recycling techniques.
Policy changes regarding sustainable material sourcing.
Fluctuations in global aluminum prices and their impact on scrap availability.
Shifts in industries such as automotive or construction that heavily rely on aluminum castings.