The forecasted consumption of purchased new and old aluminum scrap in the US is projected to increase steadily from 3.7544 million metric tons in 2024 to 3.804 million metric tons in 2028. Although specific 2023 data is not provided, the consistent year-on-year growth reflects an average increase rate close to a 0.60% compound annual growth rate (CAGR) over the five-year forecast period. This gradual growth suggests a stable demand for aluminum scrap driven by sustained industrial activities and increasing environmental awareness.

Future trends to watch for include:

Technological advancements in recycling processes that could improve efficiency and capacity.
Government policies and regulations promoting recycling and sustainability.
Potential fluctuations in global aluminum prices impacting scrap demand.
Increased use of recycled aluminum in automotive and construction industries.