Helium prices in the U.S., the world’s biggest producer, rose to the highest level since at least 1995 as global production stagnated.
Private buyers paid an average $6.13 a cubic meter in the 12 months through September, up 6.2 percent from the previous year, the U.S. Geological Survey said in a report on its website today. That’s the highest price in the government data going back to 1995 when it was $1.82.
While U.S. helium output from natural gas rose 5.6 percent to 75 million cubic meters from the previous year, output was 6.3 percent below levels four years earlier. World helium production increased by 0.6 percent in the year through September to 173 million cubic meters.