The forecast of net receipts of purchased aluminum new scrap at other consumers in the US indicates a consistent decline from 2024 to 2028, starting at 864.76 thousand metric tons and falling to 793.87 thousand metric tons by 2028. Given the data, the projected annual decrease translates to an average contraction of approximately 2% per year over the forecast period. In 2023, net receipts stood at a historical high, highlighting the forthcoming declines as significant downturns.

Future trends to watch for:

Industry innovations and recycling advancements that might offset the declining trend in scrap purchases.
Shifts in government regulations and environmental policies impacting scrap utilization.
Fluctuations in global aluminum prices and demand affecting US scrap market dynamics.