In 2023, the net receipts of purchased aluminum old scrap at secondary smelters in the US were at 645.0 thousand metric tons. From 2024 onwards, forecasts show a gradual increase, with receipts expected to reach 649.21 in 2024 and culminating at 667.37 thousand metric tons by 2028. Year-on-year, this reflects a steady growth, marking a notable positive trend in the aluminum recycling sector. From 2024 to 2028, the compound annual growth rate (CAGR) is anticipated to be approximately 0.68%, indicating moderate growth in the recycling and supply of aluminum scrap.
Future trends to watch for include potential impacts of policy changes related to recycling, technological advancements in smelting processes, and fluctuations in global demand for aluminum. Monitoring these elements will be crucial for predicting shifts in the aluminum scrap market.
