Helium Prices | Demand, Pricing & Supply Analysis | ChemAnalyst

Chemanalyst25 Sep, 2023Business

In the second quarter of 2023, Helium prices in North America continued to rise due to increased demand and a shortage of supply. Blue Star Helium Ltd, the major supplier in the region, is ramping up production to meet domestic and international demand. They are constructing a helium recovery plant in Colorado to further enhance their supply capabilities. Factors such as the US bank crisis and growing demand for helium had a significant impact on the overall market dynamics. As the quarter came to an end, global demand for helium surged, leading to a spike in prices. In response, North American Helium Inc announced the addition of two new helium filtration plants. However, the production cost of helium remained high due to factors such as rising natural gas prices, labor shortages, and other microeconomic factors.