Lumber rally falters but lofty prices expected to be new norm

June 7, 2021
Category: Today's Takeaway

Lumber’s unprecedented rally is starting to falter but analysts predict prices will still be at historical levels through 2022. In related news: US lumber tariffs top priority for Canada’s trade minister; Susan Yurkovich on BC’s modernization plan; and wood’s resurgence in mass timber construction. Meanwhile: Clearwater Paper to close its Wisconsin paper mill; and Bechtel partners with Drax on carbon capture and storage.

In Forestry News: Canada will plant 30 million trees this season; Biden to restore US species at risk protections; and wildfire risks are on the rise in Canada and the US West. Finally, some breaking news and recent headlines from the BC old-growth front:

  • Three First Nations announce old-growth logging deferral at Fairy Creek (BREAKING NEWS)
  • Indigenous forestry set to expand, wrestles with old-growth debate (Justine Hunter)
  • There’s much more work to do to protect old-growth (Forest Minister Katrine Conroy)
  • Truck Loggers confident on new vision from the province (Bob Brash)
  • Environmentalists hope threatened owls will end logging at Fairy Creek (Lisa Cordasco)
  • Can luxury brands drive B.C. old-growth logging out of business? (Rochelle Baker)

Kelly McCloskey, Tree Frog Editor

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