The forecast for the secondary smelting, refining, and alloying of nonferrous metal in the US indicates a consistent upward trend in turnover from 2024 through 2028. Starting from $13.62 billion in 2024, the industry is expected to reach $14.618 billion by 2028. This represents a compound annual growth rate (CAGR) of approximately 1.78% over the five-year period. Year-on-year growth rates are projected around 1.88% to 1.75%, suggesting moderate yet sustained expansion in this sector.

Future trends to watch for include:

Technological advancements in recycling and refining processes potentially enhancing efficiency and reducing costs.
Fluctuations in global demand for nonferrous metals possibly impacting pricing and turnover.
Environmental regulations and sustainability initiatives potentially influencing industry practices and market dynamics.