The forecast for net receipts of purchased aluminum new scrap castings in the US shows a gradual increase from 2024 to 2028. Beginning at 84.82 thousand metric tons in 2024, the value is expected to rise steadily to 90.33 thousand metric tons by 2028. In comparison to 2023, where the data represented an actual value, the year-on-year growth rates between the forecasted years indicate modest increases, reflecting stable demand. The compound annual growth rate (CAGR) from 2024 to 2028 suggests a consistent upward trajectory in line with industry expectations for the aluminum scrap market.
Future trends to watch for include:
- Emerging sustainable practices influencing the recycling industry.
- Technological advancements in scrap processing and casting.
- Changes in regulatory and environmental policies impacting supply chains.
- Fluctuations in global aluminum market prices affecting scrap value.
