As of 2023, actual net receipts of purchased aluminum new scrap in the US were not specified. However, the forecast for 2024 projects 2.1799 million metric tons, decreasing annually to 2.1216 million metric tons by 2028. The year-on-year variation shows a consistent decline of approximately 0.67% each year from 2024 to 2028. This trend highlights a modest but steady reduction in purchased aluminum new scrap over the five-year forecast period, with an average compound annual growth rate (CAGR) of -0.67%.
Future trends to watch for include potential shifts in aluminum scrap supply and demand dynamics, environmental regulations impacting recycling processes, technological advancements in recycling efficiency, and global economic factors influencing material availability and cost-efficiency.
