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Securing Helium Resources for High-Tech Advancements in China

Updated: Sep 18, 2023

A paper in the Geological Bulletin of China examines the global helium industry and innovation chains. It proposes a development path for China's helium industry based on resource conditions, capacity, and technology. China's helium demand has grown substantially. Since 2017, China's helium import volume has remained above 0.7 bcf for a long time (growing at 11% p.a.), and the market size has gradually expanded. With the development of China's high-tech industry, it is expected that China's helium consumption will maintain high growth during the "14th Five-Year Plan" period. Lithium batteries, low-temperature physics research and other aspects will be the main areas of demand growth pushing annual demand to 1.4 bcf by 2025. While helium potential is substantial, exploration lags. [AK1] Supply-demand dynamics are shifting, yet challenges persist. China faces opportunities and obstacles within the evolving industry landscape which can be addressed to make China self-reliant for its helium demand.

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