In 2023, the consumption of purchased aluminum old auto shredder scrap at secondary smelters in the US was at a baseline from which forecasts are projected. For the period 2024 to 2028, there is a clear downward trend. The value is expected to decrease by approximately 6.1% from 2024 to 2025, followed by a 6.4% drop to 2026, a 6.8% decline to 2027, and a 7.1% reduction to 2028. Over the forecasted period, the compound annual growth rate (CAGR) is projected to be negative, indicating a consistent decline.

Future trends to watch for:

Advancements in recycling technology could impact supply dynamics and scrap quality.
Changes in automotive manufacturing trends, such as shifts toward electric vehicles, might alter aluminum demand and scrap availability.
Environmental policies and consumer preferences influencing the recycling industry.