Wowee The Insane Rise Of Copper Price
If you need wire for future projects, my advice is to buy is to buy it NOW rather than put it off. The prospects for ten dollar per pound commodity price is no longer absurd. A trip to Home Despot ...
Forum Discussion
Tarriffs, the smoot-hawley act is void I think. And I doubt we get a lot of plywood from China. The SE is littered with lumber mills cranking out plywood, and so is the Northwest.
The lack of workers to fill jobs since they are being paid to stay at home may have something to do with it.
As for Copper, I don't know what the issue is. Tho I see that speculators are driving up the price. Maybe we could reopen some copper mines here in the US.
Or maybe this:
The lack of workers to fill jobs since they are being paid to stay at home may have something to do with it.
As for Copper, I don't know what the issue is. Tho I see that speculators are driving up the price. Maybe we could reopen some copper mines here in the US.
Or maybe this:
Fortune magazine wrote:
So if wood production is at a 13-year high, why aren’t lumber prices falling faster? Simply put, demand is still through the roof. In April, new housing starts backed off 8% from a 14-year high set in March 2021; however, that level of construction is up 67% from its bottom in April 2020 and up 22% from April 2019. Home construction remains red-hot. Additionally, do-it-yourselfers aren’t slowing down: In April, home improvement sales hit an all-time high—up 31% from pre-pandemic levels.
“The backlog is just too strong. There are too many places to put wood,” says Chip Setzer, director of trading and growth for Mickey Group, a commodity trading platform. “I got customers in the Caribbean screaming for more; I got China customers screaming for more. Everybody is under a squeeze.”
