Aluminum production in the US has been on a notable downward trend. Since 2013, production has seen significant declines with momentary upticks, such as in 2018 and 2019. In 2023, the production stood at 0.62649 million metric tons. The year-on-year variation for 2023 was -11.81%, indicating a substantial drop from the previous year. Looking at the compound annual growth rate (CAGR), the aluminum production has decreased by an average of 6.8% per year over the last five years. Forecasts show a continual decline, projecting a 64.79% decrease by 2028, which equates to an average annual decrease of 18.84%.

Future trends to watch for:

Technological advancements in aluminum production and recycling.
Policy changes regarding environmental regulations and tariffs.
Global competition and shifts in supply chain dynamics.
Market demand fluctuations driven by industries such as automotive and construction.