Is Lumber the New Oil?
Posted on | January 8, 2010 | No Comments
“It all depends, analysts say, on Chinese building codes and the financial mathematics of 150 million new kitchen tables.
Optimism over the prospects for lumber has been growing steadily for some months [and a] new code … in effect, allows Chinese building needs – the titanic construction effort association with accommodating 20 million people every year moving from rural China to the cities – to be met by modern wood-frame construction.
Lumber products, particularly those made in Canada and Russia, may now be in hot demand as a cheaper way of putting up new housing.”
- Leo Lewis, The Times
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