Helium Prices Trend and Forecast

Description

During the third quarter of 2022, North American Helium Prices remained on the positive edge as natural gas prices kept soaring. The Natural gas reserves in the US market kept declining as the demand from end-use businesses and the international market increased. This led to an increase in the production cost of Helium as natural gas is the upstream element. The downstream applications of Helium showcased constant demand for the product in the domestic market. The Healthcare sector showcased better demand in the domestic market. Labour shortage hampered the production rate of Helium, consequently raising the prices in the US market.

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