There's a Serious Global Helium Shortage, Here's How to Profit From It

You may have noticed that your kids’ gradation balloons were a little more expensive this year. It’s due to a worldwide helium shortage that has rocked the global landscape.
The helium shortage has led to a price surge of the gas, a contributing factor in the closure of 45 Party City stores across the U.S. this year alone.
There have been three major helium increases since December 2018. A tank of helium used to cost around $130, now it’s up to $275 a tank.
But it extends far beyond balloons and squeaky voices, helium is needed in MRIs, semi-conductors and NASA’s rocket fuel engines.
“You are basically paying right now for a truckload of helium, $900,000 to a million dollars … Going forward, this is a boom commodity growing by about 7 percent every year,” Gianni Kovacevic, chief executive officer of CopperBank said. (show less)

You may have noticed that your kids’ gradation balloons were a little more expensive this year. It’s due to a worldwide helium shortage that has rocked the global landscape.
The helium shortage has led to a price surge of the gas, a contributing factor in the closure of 45 Party City stores across the U.S. this year alone.
There have been three major helium increases since December 2018. A tank of helium used to cost around $130, now it’s up to $275 a ... (read more)

Kitco NEWS

Kitco NEWS
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.