Forecasts suggest a steady increase in aluminium inventories stored in the London Metal Exchange in the US from 2024 to 2028, beginning at 609.31 thousand metric tons and reaching 969.74 thousand metric tons by 2028. Compared to 2023, the inventory levels are significantly rising, indicating a robust upward trend in stockpiling activities. The average annual growth rate over these five years, known as the Compounded Annual Growth Rate (CAGR), illustrates a consistent accumulation pattern.
Key future trends to watch for include:
- Potential impacts of global economic conditions and trade policies on aluminium demand.
- Technological advancements in aluminium recycling that could affect inventory levels.
- Shifts in manufacturing sectors like automotive and construction influencing aluminium consumption.
- Environmental regulations and sustainability efforts impacting production and stockpiling practices.
