"Global helium consumption runs about 6 billion cubic feet per year. Qatar supplied a big slice until this month. With one-third of output sidelined, prices have already soared."
"ExxonMobil operates the Shute Creek Gas Plant at LaBarge, Wyoming - the largest helium facility in the country. It extracts up to 1.4 billion cubic feet of Grade-A helium annually from natural gas."
"Disruptions here ripple to AI servers, smartphones, and autos. Supply shocks like this don't vanish overnight, leaving domestic producers in the driver's seat."
A recent geopolitical event has knocked one-third of the global helium supply offline, primarily due to damage at Qatar's LNG facility. This disruption has caused helium prices to soar, affecting semiconductor manufacturers that rely on helium for production. The U.S. is positioned to benefit from this crisis, as domestic producers like ExxonMobil's Shute Creek Gas Plant supply a significant portion of the world's helium. The U.S. demand for helium remains steady, particularly from the electronics sector, which accounts for 17% of usage.
Read at 24/7 Wall St.
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