Goldman Sachs Revises 2026 Aluminum Forecast to $3,450/tonne Amid Scarcity- 7 April 2026

Summary: Citing the “intensified market vulnerability” caused by smelter damages in the Middle East, Goldman Sachs has officially flipped its 2026 market balance from a surplus to a 570,000-tonne deficit. This suggests that the current high-price environment for raw material is not a temporary spike but a mid-term reality for the extrusion industry.

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