One could be forgiven for thinking there’s a feeling of ‘we told you so’ in the air at Australia’s Noble Helium right now. For many years, the company has warned of the geopolitical risk associated with traditional helium supply chains.
In fact, the company was founded in early 2017 with the ambitious mission to procure a global-scale, independent helium supply to counter the geopolitical risk that was set to emerge by 2024/5 from Qatar-Russia-Algeria supply dominance.
While many looked forward to a comparative glut of new supply flooding into the market in the years ahead, others such as Noble Helium looked on with caution, concerned about a potential newfound market dominance of more than 60% of supply from just three countries. Three countries that, some might say, are at risk of geopolitical tensions or instability more than others.
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