Butterworth Laboratories has incorrectly interpreted the Mineral Commodities Summaries 2023 from the US Geological Survey (USGS) concluding that there is no helium shortage. Their belief is that global helium reserves stand at 1.4 bcf (clearly incorrect as the US BLM reserve itself holds >3bcf and global supply falls in the range of 5.8-6 bcf/y). They also indicate that if consumption remains at current levels and matches production, the existing supply could extend for ~335 years, which would ease immediate pressures on the helium market. However, it's important to note that having a long reserve life does not guarantee an absence of helium shortages as those resources need to be developed and have reliable supply and distribution channels. We believe that the helium shortage remains a threat to global supply chains to numerous industries.
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