![]() ![]() With only a few countries producing helium, the world’s production can be described with a single word: fragile.įor over 100 years, the US Government managed the global supply of helium. Much of the world’s helium resources exist in a handful of jurisdictions, including the United States, Canada, Algeria and Qatar. The world’s top locations for helium exploration However, meeting forecasted demand based on current supply chains may not be possible. Louis, “Helium is the one element out of the entire periodic table that escapes the Earth and goes out into space.” The element does not readily combine with other elements, which means as it reaches the surface of the earth, it can easily escape the planet’s gravitational pull.Īs the demand for helium grows, analysts expect the market to reach estimated highs of approximately US$18.18 billion by 2025. Helium’s unique chemical properties and inert behavior make it a finite commodity in high demand.Īccording to Sophia Hayes, a chemist at Washington University in St. Unlike base and precious metals, which are found in numerous countries around the world, the world’s supply of helium is less well understood and is believed to mainly be located in only a handful of countries, including the United States, Canada, Algeria and Qatar. While the United States was once the dominant global supplier of helium, Canada and other countries around the world are emerging as also having large reserves of this noble gas, which could help with the looming helium shortage. Since it has so many important uses in the modern world, helium stocks are being reduced at a steady rate and at current rates of consumption the world could see its supply potentially dry up in the not too distant future. Helium is a colorless, odorless, tasteless, inert and non-toxic gas that sits first in the group of noble gases on the periodic table of elements. Helium is also valuable for scientific research, medical use and in other specialized industries. This rare and finite element is used in MRI machine technology, fibre optics, semiconductors, space exploration and more. Helium has countless uses outside of floating party balloons. Top Battery Metals Stocks on the TSX and TSXV. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |