The consumption of purchased aluminum new scrap borings and turnings in the US is projected to experience a gradual increase over the next five years, rising from 162.34 thousand metric tons in 2024 to 162.80 thousand metric tons by 2028. This represents a subtle but steady upward trend. Year-on-year growth rates from 2024 to 2028 are minor but positive, indicating stable demand. As of 2023, the actual consumed value stood lower compared to 2024 projections, signaling an upward shift in the market.

Future trends to watch for:

Technological advancements in recycling processes, which could enhance efficiency and increase consumption capacity.
Market adaptations to environmental regulations potentially fostering higher use of recycled aluminum products.
Global economic shifts impacting raw material sourcing and cost dynamics.