USGS helium report demonstrates opaque industry data

The USGS has released its 2021 helium report, which is the go-to resource for many on the global helium market. However, the quality of the data is again shockingly poor with caveats such as “Substantial increases in exports reported in recent years suggested that the data may be incorrect” and the US apparently importing 7% of its helium from Portugal, which doesn’t produce helium. There have also been substantial revisions to the helium data and its estimates for private user pricing is unchanged in 4 years. US helium consumption for 2017 was revised up by 33% and US exports for 2020 revised down by 50%! It is no surprise that helium was removed from the Critical Mineral List, when the data quality it is based on is either out of date or riddled with errors.

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