Special Report: The world’s largest helium producer will shut up shop in 2021 – but global shortages of this vital gas are already upon us.
It’s not the party balloons we should be worried about, either.Helium is used in space exploration, rocketry, high level science, in the medical industry for MRI machines, fibre optics, electronics, telecommunications, superconductivity, underwater breathing, welding, and nuclear power stations.And for a lot of these applications, helium is irreplaceable.
Price inelastic means that buyers will keep buying even as prices rise.New supply is largely a by-product of planned oil and gas mega projects, but these are often delayed.
This, growing demand, and rising prices creates opportunity for smaller explorers.
GLV Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
