The net receipts of purchased aluminum old scrap wrought products in the US are projected to rise from 476.54 thousand metric tons in 2024 to 552.1 thousand metric tons in 2028. Compared to 2023, the year-on-year growth projected for 2024 is an increase. Over the following years, the forecast predicts a consistent annual growth, with a Compound Annual Growth Rate (CAGR) indicating an average yearly increase.

Future trends to watch for include:

Technological advancements in recycling processes that may lead to higher efficiency and greater scrap recovery rates.
Changing consumer demand for sustainable materials potentially impacting scrap utilization.
Regulatory shifts emphasizing sustainability could further drive increases in scrap recycling.