The stocks of purchased aluminum old scrap at other consumers in the US are projected to show a steady upward trend from 2024 to 2028. The values are forecasted to increase from 24.44 thousand metric tons in 2024 to 25.95 thousand metric tons in 2028. This marks a consistent year-on-year growth, with the percentage increase each year typically around 1.5%. Given that this data starts from 2024 onwards, past trends from 2023 are not provided for comparison. Over this period, the compound annual growth rate (CAGR) is calculated to reflect the average annual increase.
Future trends to watch for include potential fluctuations in supply chains, changing trade policies, and technological advancements in aluminum recycling and processing that could impact the availability and demand for scrap aluminum. Monitoring these factors will be crucial for anticipating potential deviations from the current forecast pattern.
