The helium market has clearly entered a new phase, marked by plentiful supply and oversupply in some markets – and with demand still comparatively weak. It is a situation that could well become more embedded in 2025 and one that seems likely to have an impact on helium supply and on helium projects in North America and elsewhere in the next few years.
That’s the top-level assessment of market commentator Phil Kornbluth, of Kornbluth Helium Consulting, in interview with gasworld ahead of October’s Helium Super Summit 2024 in Houston.
“Prices have come down from the highs seen during the most recent shortage – Helium Shortage 4.0, so-called – which we can now say with confidence ended in late 2023,” said Kornbluth.
“I should say, at the same time, that there is still plenty of uncertainty around, and market shocks are always a possibility – nothing is ever 100% predictable when it comes to helium.”
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