In 2023, the consumption of purchased aluminum old scrap aluminum cans at secondary smelters in the US was at 65.5 thousand metric tons. Forecasted data indicates a steady increase, with consumption expected to reach 68.34 thousand metric tons in 2024. Year-on-year growth is projected to persist, with values rising to 72.31 in 2025, 76.24 in 2026, 80.13 in 2027, and 83.99 in 2028. This demonstrates a consistent upward trend, reflecting an average annual growth rate (CAGR) of approximately 5.2% over the forecasted period.

Future trends to watch for include:

Increased focus on recycling and sustainability which may drive higher recovery rates of aluminum scrap.
Technological advancements in smelting processes that could enhance efficiency and output.
Market demand fluctuations influenced by changes in the aluminum pricing and regulatory frameworks.