The forecast for the consumption of purchased aluminum new scrap borings and turnings by other consumers in the US from 2024 to 2028 shows a steady increase from 12.26 to 12.68 thousand metric tons. This represents an average annual growth (CAGR) over the forecasted period. The year-on-year variation reveals consistent growth without major fluctuations, indicating stable demand and confidence in aluminum recycling.
Future trends to watch include:
- Technological advancements in recycling processes that could increase efficiency.
- Policy changes affecting the recycling industry.
- Shifts in demand driven by the automotive and construction sectors as they seek sustainable materials.
- Potential economic factors impacting the broader metals market.
