The consumption of purchased aluminum old scrap wrought products at secondary smelters in the US is projected to rise consistently from 2024 to 2028. In 2024, consumption is expected to be 194.97 thousand metric tons, a figure that shows a steady increase compared to recent years, as the 2023 consumption was approximately 180 thousand metric tons. The forecast exhibits year-on-year growth rates of approximately 6.9% in 2025, 6.4% in 2026, 5.9% in 2027, and 5.5% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to be around 6.2% per annum.

Future trends to watch for include:

Potential fluctuations in the global aluminum market prices due to geopolitical events or trade policies.
Technological advancements in recycling efficiency which may impact demand for scrap aluminum.
Shifts in regulatory frameworks regarding sustainability and recycling, potentially influencing market dynamics.