Commodity Price Volatility Risk: RYAM's profitability is highly sensitive to changes in the prices of its key products, such as cellulose specialties and high-purity cellulose, as well as input costs like wood fiber, chemicals, and energy.

Raw Material Supply Chain Risk: The company relies heavily on the consistent availability and stable pricing of wood fiber, chemicals, and other essential raw materials, which can be impacted by weather, environmental regulations, or geopolitical events.

Environmental Regulatory Compliance Risk: Operating manufacturing facilities, RYAM is subject to extensive and evolving environmental regulations, and non-compliance could result in fines, operational restrictions, or costly capital expenditures.