HE1 stands to gain20 Jan 2025 11:49
"Russia is set to open a massive new plant that will soon supply helium to China, thereby edging out Algeria as the world’s third-largest producer.
“Russia is going to become the number-three producer as early as 2025, and they’ll end up accounting for a quarter of the world’s supply within the next five years,” says Kornbluth.
Qatargas in Qatar is opening a fourth plant, which—together with Russia’s new facility—should expand global helium supply by about 50% in the next few years, he adds.
Some companies are now considering sites where they could extract helium without treating it as a by-product of natural gas. Helium One is exploring several such sources in Tanzania.
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MIT, ref Phil Kornbluth Global Number one Helium expert.