The forecast for the consumption of purchased aluminum new scrap in the US shows a declining trend from 2024 to 2028, with volumes decreasing from 2.127 million metric tons in 2024 to 2.0659 million metric tons in 2028. This represents an average annual decline of approximately 0.73% over the forecast period. In 2023, the actual consumption stood slightly higher, indicating a gradual shift.
Future trends to watch include:
- Technological advancements in recycling processes which may impact scrap consumption patterns.
- Potential regulatory changes aimed at boosting environmental sustainability in the aluminum industry.
- Fluctuations in aluminum demand due to economic conditions, affecting scrap market dynamics.
