The stocks of purchased aluminum at secondary smelters in the US have shown considerable fluctuations over the past decade. Starting from 84.5 thousand metric tons in 2013, the value saw a significant increase in 2014 before plummeting to a low in 2015. The trend stabilized between 2016 and 2017, with minor fluctuations before a notable rise in 2018. From 2019 onwards, the values showed moderate year-on-year increases, reaching 76.52 thousand metric tons in 2023. The average variation per year over the last 5 years was calculated at 2.01%, indicating a relatively stable forecast up to 2028, with a forecasted growth rate of 10.45% over the next five years.
Future trends to watch for:
- The impact of global aluminum demand and supply chain disruptions due to geopolitical tensions.
- Developments in recycling technologies and their influence on secondary smelter stocks.
- Regulatory changes affecting the aluminum industry, particularly regarding environmental policies.