The idea of investing in helium may not seem as exciting as investing in cryptocurrencies, for example, but there is more to this noble gas than meets the eye.
The global helium market was valued at an impressive US$1.9 billion in 2019. Additionally, the global market for helium is expected to reach US$2.8 billion by the end of 2026, with a respectable compound annual growth rate of 5.9 percent over that period.
In 2021, helium was declared a critical mineral in Canada along with copper, uranium, zinc and others. As a critical mineral, helium is considered essential to Canada’s economic security, is required for Canada’s transition to a low-carbon economy and is a sustainable source for the country’s partners.
This INNspired article is brought to you by:
First Helium (TSXV:HELI) is a Canadian exploration and development company specializing in identifying and extracting helium in the province of Alberta.Send me an Investor Kit
Helium is also a finite resource because it is non-renewable and its presence is rare on earth, despite being the second most abundant element in the universe. The element is generally found deep underground in the same sedimentary basins that have historically produced oil and gas.
Why is helium important?
Helium is a valuable and precious commodity used in a wide range of applications, including in the medical, aerospace, military and technology industries. Specifically, the element is used in MRI machines, fibre optic cables, data centers,...
Read Full Story: https://investingnews.com/innspired/helium-critical-element/
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.