As of 2023, the annual consumption of purchased aluminum new scrap at secondary smelters in the US stood at approximately 1.258 million metric tons. From 2024 onwards, all data points are forecasts, indicating a consistent growth trend. Predicted year-on-year changes suggest steady growth each year from 2024 to 2028, with a compound annual growth rate (CAGR) showing modest but consistent increases.
Future trends to watch for include:
- The impact of technological advances in recycling and smelting processes, potentially enhancing efficiency and consumption rates.
- Policy changes promoting sustainability and recycling, which could drive demand for aluminum scrap.
- Market dynamics such as price fluctuations and competition with other materials impacting scrap consumption levels.
