Global demand is estimated to be around 6 billion cubic feet (Bcf) per annum with the compound annual global growth rate (CAGR) at some 3%. The current global market for bulk liquid helium is thought to be worth over USD2.7 billion, with the unit price (USD per thousand cubic feet) rising by over 135% in the past two years. The requirement for helium is currently increasing, mainly in the medical, technology and aerospace sectors – for MRI scanners, particularly in the developing world, as well as superconductors and for pressure purging (Space X and NASA).
Helium uses
Helium is a vital resource, essential in modern technologies with major critical and irreplaceable use throughout the science, medicine and manufacturing industries.
Helium One Global Ltd (LON:HE1) was founded in September 2015. The Company’s focus is to explore, develop, and ultimately, become a producer of high-grade helium for the international market, a critical material essential in modern technologies.