Gold and silver have outshone most assets, but another commodity is shaping up to be this year’s best performer: lumber. Prices for the wood have hit a record high after demand surged on a wave of renovation projects, at a time when inventories were running low.
Lumber prices have soared 104% this year — almost four times gold’s percentage increase — to $828 per thousand board feet...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.