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This is a list of prices of chemical elements. Listed here are mainly average market prices for bulk trade of commodities. Data on elements' abundance in Earth's crust is added for comparison. As of 2020, the most expensive non-synthetic element by both mass and volume is rhodium.
[1] [4] This price jump was an incentive for private companies to enter the market and sell helium at lower prices. [ 1 ] [ 3 ] [ 4 ] By 1970, it also became evident that the projected increase in government demand did not occur and that the helium stored in the Cliffside Field would last for decades.
Helium usually makes up a minuscule portion of natural gas, but can make up as much as 10 percent of natural gas in some fields. A helium content of 0.3 percent or more is considered necessary for commercial helium extraction. [1] In 2012, helium was recovered at 16 extraction plants, from gas wells in Colorado, Kansas, Oklahoma, Texas, and ...
Government sales flooded the market with cheap helium, causing much of the private helium industry to shut down; the facility remained in government hands. [8] The Helium Stewardship Act of 2013 mandated higher prices but a continued selldown to 3 billion cu ft (85 million m 3) remaining by October 1, 2018, which was achieved with auctions. [9]
Helium is separated out as a byproduct from natural gas, from the Hugoton field, the Panhandle field in Texas, the Greenwood field in Kansas, and the Keyes field in Oklahoma. [6] Much of the recovered helium is piped to the National Helium Reserve in Amarillo, Texas, where it is stored underground in geologic formations for future use.
From 2002 to 2007 helium prices doubled. [83] As of 2012, the United States National Helium Reserve accounted for 30 percent of the world's helium. [84] The reserve was expected to run out of helium in 2018. [84] Despite that, a proposed bill in the United States Senate would allow the reserve to continue to sell the gas.
The Helium Privatization Act of 1996 is a United States statute that ordered the US government to sell much of the National Helium Reserve.The United States 104th Congressional session passed the Act of Congress presenting the legislation to the United States President on September 30, 1996.
Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.