The forecast for the consumption of purchased aluminum new scrap castings at secondary smelters in the US shows a steady decline from 2024 through 2028, with values decreasing annually. From 2024 to 2028, there is a predicted dip from 52.74 to 43.78 thousand metric tons. This represents a continuous decline, with a year-on-year decrease in the range of approximately 4.3% to 5.0%. The Compound Annual Growth Rate (CAGR) over the next five years is negative, indicating a consistent downward trend.

Future trends to watch for:

Technological advancements in recycling processes that could alter aluminum scrap demand.
Shifts in global aluminum markets impacting supply chains and pricing.
Potential policy changes or environmental regulations affecting scrap consumption.