Based on the provided data, the year-on-year variations in stock values (in thousand metric tons) are as follows:
- 2024: 25.67
- 2025: 26.85 (4.60% increase)
- 2026: 28.01 (4.32% increase)
- 2027: 29.17 (4.14% increase)
- 2028: 30.31 (3.95% increase)
The Compound Annual Growth Rate (CAGR) over the period 2024 to 2028 is approximately 4.25%.
Future Trends to Watch
The consistent year-on-year growth in the stocks of purchased aluminum old scrap wrought products in the US suggests a robust and increasing demand. Future trends to watch include advancements in recycling technology, policy changes regarding scrap metal industry regulations, and fluctuations in global aluminum supply and demand dynamics.
