Thought this was an interesting excerpt from a recent *...

Thought this was an interesting excerpt from a recent * article on Helium supply.

“The helium market is currently going through a third major crisis, the industry refers to it as helium 3.0,” Renergen CEO Stefano Marani told *.“The first crisis was around 2012-2013, there was a far bigger crisis around the 2016 mark, but the current one is by far the most pronounced.“The main reason is one of the major suppliers of helium — the strategic reserve in the United States called the BLM — announced in 2018 that they’ve run out of helium.“What the world had gotten used to was a stasis where about 30 to 50% of the world’s helium was literally coming from a strategic reserve, and only half of the world’s helium coming from new sources.“Now that the strategic reserve has run out, it means that there’s a desperate shortfall in terms of new resources coming online.” What’s the outlook for helium in the next 5-10 years?“The crisis won’t last forever. We’re predicting that by 2025-2026, with Russia’s Amur project coming online, there should be equilibrium in the market again,” Marani said.“And then probably early 2030-2031, you’ll start to see supply falls short of demand by virtue of the fact that you’ve got additional pressure mounting on natural gas production from a climate change perspective.“Supplying demand is going to be challenging, and I don’t think it’s going to be one of these commodities that will ever be in abundant supply.“I think there will always be a slight shortage.”