In 2023, the consumption of purchased aluminum new scrap wrought sheet and clippings at secondary smelters in the US stood at 275.15 thousand metric tons. Forecasted data for 2024 indicates an increase to 282.55 thousand metric tons, marking a 2.69% year-on-year growth. This trend continues with yearly increments approximately ranging from 2.25% to 2.67% through 2028, reaching 309.97 thousand metric tons. Over the five-year forecast period from 2024 to 2028, a compound annual growth rate (CAGR) of 2.47% is expected, highlighting a steady rise in consumption.

Future trends to watch involve the impact of technological advancements in recycling processes, potential shifts in environmental regulations, and market responses to aluminum demand swings from key industries, particularly automotive and packaging sectors.