LatAm Metals & Mining | Pulp & Paper: Coverage Summary, Forecasts, and Spot Pricing Scenarios

Research evidence excerpt

LatAm Metals & Mining | Pulp & Paper: Coverage Summary, Forecasts, and Spot Pricing Scenarios

cts (Regulation) Act, 1956) of the subject company or companies referred to in this research report.

Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the

intermediary or provide any assurance of returns to investors. Goldman Sachs (India) Securities Private Limited investor grievance contact details can be found at:

https://www.goldmansachs.com/worldwide/india/documents/Grievance-Redressal-and-Escalation-Matrix.pdf, and a copy of the annual audit compliance report can be found at this link:

https://publishing.gs.com/content/site/india-annual-compliance-report.html. Japan: See below. Korea: This research, and any access to it, is intended only for “professional investors” within the meaning of the

Financial Services and Capital Markets Act, unless otherwise agreed by Goldman Sachs. Further information on the subject company or companies referred to in this research may be obtained from Goldman Sachs

(Asia) L.L.C., Seoul Branch. New Zealand: Goldman Sachs New Zealand Limited and its affiliates are neither “registered banks” nor “deposit takers” (as defined in the Reserve Bank of New Zealand Act 1989) in New

Zealand. This research, and any access to it, is intended for “wholesale clients” (as defined in the Financial Advisers Act 2008) unless otherwise agreed by Goldman Sachs. A copy of certain Goldman Sachs Australia

and New Zealand disclosure of interests is available at: https://www.goldmansachs.com/disclosures/australia-new-zealand/index.html. Russia: Research reports distributed in the Russian Federation are not