The consumption of purchased aluminum new scrap, dross, and skimmings in the US is forecasted to steadily increase from 2024 to 2028, starting at 630.67 thousand metric tons and reaching 657.52 thousand metric tons. Comparing data from 2023, a growth pattern is evident. Year-on-year increases show a moderate upward trend, with consistent gains between 2024 and 2028. The compound annual growth rate (CAGR) further underscores this steady upward movement over the five-year period.
Future trends to watch for include:
- Technological advancements in recycling processes, potentially boosting efficiency and capacity.
- Policy shifts aimed at increasing the use of recycled materials in manufacturing.
- Market demand fluctuations impacted by the automotive and construction industries' needs.