In 2023, the stocks of purchased aluminum new scrap borings and turnings in the US stood at a certain benchmark. The forecast from 2024 to 2028 indicates a downward trend, starting at 3.02 thousand metric tons in 2024 and falling to 1.89 thousand metric tons by 2028. Year-on-year decreases are consistent, suggesting a declining demand or an over-supply of scrap. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 demonstrates a consistent average drop in stock levels, marking an important consideration for stakeholders in the aluminum recycling and supply industries.
Future trends to monitor include technological advancements in aluminum recycling processes, shifts in global aluminum consumption patterns, policy changes affecting scrap imports and exports, and any developments in renewable energy sectors that might influence aluminum usage and recycling dynamics.
