The US primary aluminum production capacity is forecasted to decline consistently from 1.35 million metric tons in 2024 to 0.948 million metric tons by 2028. Compared to an actual capacity of 1.45 million metric tons in 2023, this represents a negative trend. Year-on-year variations show a decline of around 7.4% annually between 2024 and 2028. The compound annual growth rate (CAGR) over the five years highlights a significant average decrease per year.
Future trends to watch for include potential impacts of green initiatives, technological advancements in production, shifts in global demand due to geopolitical factors, and ongoing price volatility of raw materials which might further influence production strategies and capacities.
