The forecasted net receipts of purchased aluminum new scrap extrusions at other consumers in the US show a declining trend from 2024 to 2028. Starting from 222.82 thousand metric tons in 2024, there is a significant reduction reaching 90.41 thousand metric tons by 2028. Compared to the 2023 figures, this indicates a substantial decrease, with a compound annual growth rate (CAGR) showing a notable downward trajectory.
Future trends to watch for include:
- The impact of sustainability initiatives influencing scrap aluminum demand.
- Global economic factors and their effects on aluminum prices and scrap availability.
- Technological advances that might improve recycling efficiency and alter scrap consumption.