The forecast for stocks of purchased aluminum new scrap castings at secondary smelters in the US shows steady growth from 4.49 thousand metric tons in 2024 to 5.03 thousand metric tons in 2028. Comparing to 2023 actual data of 4.35 thousand metric tons, the annual growth rate for 2024 is expected to be approximately 3.22%. Over the years, this translates into a compound annual growth rate (CAGR) of around 3.05% from 2024 to 2028.
Future trends to watch for include:
- Potential impacts of environmental regulations on scrap acquisition.
- Technological advancements in recycling processes.
- Volatility in global aluminum demand influencing stock levels.
