In 2023, net receipts of purchased aluminum old scrap in the US stood at approximately 1.5469 million metric tons. From 2024, a consistent year-on-year growth is forecasted, with a projected increase of around 1.6% annually. By 2028, this volume is expected to reach 1.6705 million metric tons. This five-year period exhibits a compound annual growth rate of about 1.7%.
Future trends to watch for:
- Potential impacts of technological advancements in recycling processes on scrap volume.
- Shifts in global market demands and domestic policy changes affecting aluminum trade and collection.
- Environmental regulations encouraging higher recycling rates and increased scrap availability.