The world’s largest helium producer will shut up shop in 2021 – but global shortages of this vital gas are already upon us.
It’s not the party balloons we should be worried about, either.
Helium is used in space exploration, rocketry, high level science, in the medical industry for MRI machines, fibre optics, electronics, telecommunications, superconductivity, underwater breathing, welding, and nuclear power stations.
And for a lot of these applications, helium is irreplaceable.
Helium One is an independent specialist explorer focussed on delineating and developing globally significant helium assets in Tanzania, Solo Oil PLC (LON:SOLO) has a 10% interest in the company.