In 2023, the stocks of purchased aluminum new scrap can stock clippings at secondary smelters in the US stood at a level that increased in the subsequent years. The forecasted data for 2024 to 2028 shows a steady growth in stock levels, increasing from 4.81 to 5.52 thousand metric tons. The year-on-year growth rate suggests an approximate annual increase of 3.7%. The compound annual growth rate over this period is about 3.5%, indicating a healthy upward trend in inventory volumes over the five years.
Future trends to watch:
- Recycling advancements and their impact on supply chain efficiency.
- Potential fluctuations in aluminum demand due to economic conditions.
- Regulatory changes affecting metal recycling industries.
