The consumption of purchased aluminum new scrap extrusions at secondary smelters in the US is projected to decline from 295.17 thousand metric tons in 2024 to 274.65 thousand metric tons by 2028. This represents a gradual annual decrease with a compound annual growth rate (CAGR) of approximately -1.8% over the five-year forecast period. Notably, in 2023, the volume stood significantly higher than in 2028, signaling a downside trend.
Future trends to watch for include:
- Technological advancements in smelting efficiency
- Changes in aluminum scrap supply chain dynamics
- Evolving environmental regulations impacting secondary smelters
- Global market demand fluctuations for aluminum
