Net receipts of purchased aluminum old scrap auto shredder scrap in the US are forecasted to decline steadily from 107.63 thousand metric tons in 2024 to 80.86 thousand metric tons in 2028. The year-on-year decrease illustrates a consistent downtrend. From 2024 to 2025, a 6.3% decrease is projected, followed by consistent declines of around 6-8% annually. Over this five-year period, the compound annual growth rate (CAGR) is anticipated to reflect a negative trend.
Future trends to watch include:
- Technological advancements in recycling processes that could potentially impact scrap demand and supply.
- Policies promoting higher recycled content usage in manufacturing that might alter scrap market dynamics.
- Global economic conditions affecting the aluminum market, impacting supply chain and export-import policies.