Why Helium Could Be The Next Commodity To Boom By Pauline Calfe - Apr 21, 2021, 6:00 PM CDT
"With Big Tech companies such as Google, Facebook, Amazon, and Netflix being heavy users of helium in their massive data centers, we think this segment of the market is likely to be one of the fastest-growing over the next decade or so given the world’s insatiable appetite for data.
Overall, the global helium market was worth approximately $10.6 billion in 2019 but is expected to grow at a compound annual growth rate (CAGR) of 11% and reach approximately $15.73 billion by 2023."...
"Federal Helium Reserve (FHR) in Amarillo, Texas, the world’s single largest source of helium for the past 70 years, is now exhausted after FHR discontinued the sale of crude helium to private industry, with the remaining stockpile earmarked for Federal users only.
Consequently, prices have been increasing and could continue doing so for years. With very few mines being discovered and according to some experts no helium substitute likely to be discovered for decades, we think the supply/demand imbalance is aligning for a helium price boom."...
Pending permits to drill now coming in thick and fast but alas no Blue Star/Las Animas/Enterprise.
Can't be too much longer... https://cogcc.state.co.us/permits.html
BNL Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
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