The forecast for stocks of purchased aluminum new scrap can stock clippings in the US indicates a consistent growth trend from 2024 through 2028. Starting at 6.37 thousand metric tons in 2024, the forecasted year-on-year growth rate is approximately 2.20%, reflecting a stable demand. By 2028, the figure reaches 6.92 thousand metric tons, indicating an average compound annual growth rate (CAGR) of about 2.10% from 2024 onwards. The base value for 2023 is unavailable, as the data for this year is needed to assess fluctuations accurately.
Future trends to watch for include:
- Potential fluctuations in aluminum supply chains, especially from international markets.
- Innovations in recycling technology which may boost scrap efficiency and availability.
- Economic policies impacting the industrial usage and recycling rates of aluminum.
- Environmental regulations that could influence collection and recycling efforts.