Some global helium suppliers tightening up allotment to customers

Major global helium suppliers are starting to take a cautious approach as to how much of the gas they sell to smaller distributors.

Rob Cockerill of gasworld reports that at least two major suppliers are allocating supply in some regions to 100 percent of their customers’ historical consumption. The reasoning is to prevent stockpiling in lieu of the depletion of the U.S. Helium Reserve, which is slated to occur in approximately two years, Cockerill added.

How and even if this development will affect pricing and availability is yet to be determined. A lot will depend on private mining companies keeping up with what is expected to be a growing demand for helium in the coming years.

Click here for gasworld’s full story.

Originally posted Thursday, Feb. 8, 2018

Tags: helium shortage