The import of aluminium ores and concentrates to the US is forecasted to decline significantly over the next five years. In 2023, imports stood at 3.0 billion kilograms. By 2028, this is expected to decrease to 1.4846 billion kilograms, marking a considerable downward trend. Specifically, year-on-year variations indicate a consistent decrease, with a compound annual growth rate (CAGR) of approximately -11.8% from 2024 to 2028.
Future trends to watch for include:
- Potential shifts in US domestic production capabilities affecting import demands.
- Changes in global supply chains and market dynamics impacting aluminium ore availability.
- Environmental regulations influencing the aluminium industry landscape.
- Technological advancements in aluminium recycling reducing the need for raw ore imports.