The net receipts of purchased aluminum new scrap extrusions at secondary smelters in the US are forecasted to decline from 296.81 thousand metric tons in 2024 to 278.22 thousand metric tons in 2028. This represents a consistent year-on-year decrease, reflecting a downward trend in aluminum scrap recycling at smelters. Compared to 2023, where the values stood at an estimated 300 thousand metric tons, the compound annual growth rate (CAGR) over the next five years indicates a steady decline.
Future trends to watch for include:
- Potential policy changes favoring recycled materials which could alter demand dynamics.
- Technological advancements enhancing smelting efficiency might impact the quantity of scrap required.
- Fluctuations in the global aluminum market and economic conditions affecting supply chains.