In 2023, the import of waste or scrap containing platinum as the sole precious metal to the US stood at an estimated value just below 1.1111 billion US dollars. The forecast data from 2024 to 2028 shows a consistent upward trend in import value, with an average compound annual growth rate (CAGR) of approximately 2.4% over these five years. Year-on-year, the expected percentage increase is modest, with values generally increasing by around 2-3% annually. This indicates stable growth in the sector.
Future trends to watch for include potential shifts in US regulations around scrap metal recycling and changes in platinum demand by industries, especially given its role in automotive and technology sectors. Any innovations in recovery technologies or shifts in global platinum supplies could also impact import volumes and values.
