In other recent news, Sylvamo has announced the termination of its supply agreement with International Paper, effective as of December 31, 2024. The company plans to transition the production of various paper grades from the Georgetown mill to its facilities in New York and South Carolina. On the other hand, International Paper is undergoing a corporate restructuring plan, expected to reduce its workforce by approximately 650 employees and result in pre-tax charges ranging from $80 million to $100 million.