GOLDMAN SACHS NYSE:GS:
LOWERS Q4 2026 LME ALUMINIUM FORECAST TO $2,950/T AND 2027 AVERAGE FORECAST TO $2,700/T
REDUCES 2026 DEFICIT TO 100KT AND LIFTS 2027 SURPLUS TO AROUND 1.5MT
EXPECTs INVENTORIES TO REBUILD INTO 2027, DRIVING SMELTER MARGINS TO NORMALISE FROM RECENT HIGH LEVELS