The net receipts of purchased aluminum old scrap castings at secondary smelters in the US show a decreasing trend from 2024 to 2028. In 2023, the receipts stood at a higher level, and the forecasted decline from 2024 onward indicates a gradual reduction over these years. The year-on-year variation shows a decrease of approximately 1.3% annually between 2024 and 2028. This trend may average out to a constant change given historical context prior to 2024. The forecasted compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 averages a reduction in metric tons per year.
Future trends to watch for include:
- Fluctuations in global aluminum demand which could impact old scrap receipts.
- Technological advancements in recycling methods that may increase efficiency.
- Policy changes regarding recycling incentives and import-export regulations.
- Sustainability initiatives that might influence domestic recycling rates.
