The stocks of purchased aluminum new scrap at secondary smelters in the US are projected to grow steadily from 2024 to 2028. The growth indicates a rising trend with a year-on-year increase peaking around 2.3% to 2.4%. These figures suggest continued demand and reliance on aluminum recycling processes.
Future trends to watch for include:
- Technological advancements in smelting processes which may affect scrap demand.
- Regulatory changes around recycling and environmental policies that could influence supply and demand dynamics.
- Fluctuations in primary aluminum costs that might redirect focus towards new scrap utilization.