The consumption of purchased new and old aluminum scrap at secondary smelters in the US is projected to experience a slight decline from 2024 to 2028, with values reducing from 1.9966 million metric tons in 2024 to 1.9842 million metric tons by 2028. This indicates a steady decrease in consumption over the forecasted period. The year-on-year percentage variation reveals a consistently downward trend, with the compound annual growth rate (CAGR) showing a minor average decrease annually over these five years.
Future trends to watch include potential changes in global demand for recycled aluminum, advancements in recycling technology, policy shifts towards sustainability, and market dynamics driven by economic factors that could influence scrap availability and pricing.
