The forecast for stocks of purchased aluminum new scrap castings at other consumers in the US indicates a consistent downward trend from 2024 to 2028. The year-on-year variations show a decrease of approximately 13% in 2025, 16% in 2026, further dipping by around 18% in 2027, and a 22% drop in 2028. As of 2023, actual stock stood before any decline began. The compound annual growth rate (CAGR) over the five-year forecast period reflects an average annual decrease of about 16%.
Trends to watch for in the future include:
- The impact of technological advancements on aluminum recycling processes.
- The effect of global regulations on scrap metal trading.
- Shifts in consumer demand due to environmental concerns.
- Potential for increased competition or collaboration with international markets.
