Sunday, April 10, 2022 12:02:08 AM
1. The Russian Amur Complex fires and explosion has removed a projected source of up to 25% of global helium demand.
2. The US Government (BLM) has suspended production at their Amarillo, TX plant that operates and maintains a helium storage reservoir, enrichment plant, and pipeline system. This plant was responsible for over 40% of the domestic demand for helium.
3. Helium sources from Algeria and Qatar have also had issues.
* Due to this critical shortage, the Specialty Gas Suppliers have declared Force Majeure and cancelled all supply contracts resulting in helium increasing 300% in price over the last 6 weeks.
This was part of desert mountain energy's last post on April 5th- it's definitely a booming time for helium. looking forward to PSUD news this week when the financials post.
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