In 2023, the consumption of purchased aluminum new scrap can stock clippings at secondary smelters in the US stood at a lower baseline from which growth is forecasted. From 2024 to 2028, consumption is poised to increase steadily, culminating at 72.15 thousand metric tons by 2028. Year-on-year growth remains consistent, suggesting a robust increase at a compound annual growth rate (CAGR) over this period.
Future trends to watch for include:
- Technological advancements in recycling processes.
- Increasing commitments towards sustainability which may drive demand.
- Potential shifts in trade policies impacting scrap availability.
