In 2023, the net receipts of purchased aluminum new scrap wrought sheet and clippings at other consumers in the US stood at 410 thousand metric tons. From 2024, projections show a steady annual increase, with volumes rising to 426 thousand metric tons in 2024, marking a 3.9% increase from 2023, and anticipated to reach 489.4 thousand metric tons by 2028. This period reflects a 3.4% CAGR from 2024 to 2028, indicating consistent growth.
Future trends to watch include the effects of supply chain dynamics, potential technological advancements in aluminum recycling, and shifts in consumer demands, all of which may impact aluminum scrap markets.
