In 2023, the stock of purchased aluminum old scrap aluminum cans in the US stood at a certain level, forming the baseline for future projections. The data indicates an upward trend from 2024 to 2028, showing forecasted annual increases in thousand metric tons from 10.59 in 2024 to 12.16 in 2028. On a year-on-year basis, there is a gradual increase in stock, suggesting continued growth. The compound annual growth rate (CAGR) is positive, highlighting consistent expansion over the five-year forecast period.
Future trends to watch for include potential changes in recycling technologies, policy changes impacting scrap collection and processing, as well as fluctuations in demand for recycled aluminum driven by industry demand or environmental regulations. Monitoring these factors will be crucial for accurately predicting future stock levels.
