18 June 2026 | 7:14PM BST Commodities Research BASE METALS ANALYST Aluminium: A Tale of Two Supply Shocks Lavinia Forcellese +44(20)7774-9243 | Samantha Dart +1(212)357-9428 | samantha.dart@gs.com Goldman Sachs & Co. LLC Daan Struyven +1(212)357-4172 | daan.struyven@gs.com Goldman Sachs & Co. LLC Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to www.gs.com/research ...