It’s an exciting year in prospect for the global helium business, perhaps what we might describe as a step into the unknown too, as new capacity gradually enters the fray and we come to terms with what the new helium business of looks like.
From shortage to balance, shortage to surplus, and shortage to more plentiful again in 2020. That’s been the story of the helium business over the last decade or more.
Up until the onset of the Covid-19 pandemic just over 12 months ago, the global helium markets were still in the grip of Helium Shortage 3.0, a market squeeze traced back to February 2018. Reduced demand and economic/industrial activity largely signalled an early easing of that shortage.
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