Undoubtedly one of the hottest topics for our industry this year comes into effect this month. No, it’s nothing to do with the ongoing Airgas-Air Products situation but instead, what could prove to be an almost seismic impact on the global helium business.
Late August (2010) saw the US Bureau of Land Management (BLM) revise its methodology for calculating the price of crude helium for open market sales.
Representing more than just the average cost pass-through news announcement, the BLM revised its methodology for calculating the price of the crude helium offered during its yearly Open Market Sale.
As a result, Federal Crude Helium will be sold at $75.00 per thousand cubic feet in FY2011, compared to $64.75 in 2010, signalling a 15.8% price increase. This price covers helium debt repayment and interest and includes administrative and storage costs.
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