.png)
Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Premium Content Rising Gasoline Prices Boost Inflation Concerns Bullish Momentum Builds As Oil Markets Tighten A Tough Earnings Season For Big Oil Is It Time To Buy Big Oil? Space Canada A daunting list of key industries the world over is now wondering where their future supplies of helium will come from. What battery metals are to gigafactories, helium is to everything from scientific research, medical technology and high-tech manufacturing to space exploration and national defense. None can survive without helium—a non-renewable natural resource typically recovered from natural gas deposits. Helium is unique among all elements because it can reach ultra-cold temperatures making possible everything from magnetic resonance imaging (MRIs) and semiconductors (which are now suffering from a supply shortage ) to fiber optic telecommunications and even space exploration. Multi-billion-dollar industries depend on this; yet, we have been in a state of helium shortage since 2016. And in 2022, the war in Ukraine effectively cut off helium supplies from Russia, a leading exporter with big expansion plans. An energy crisis deprived industries of even more, with the world’s largest producers forced to abandon helium in favor […]
CamTrader offers a preview only. View original article. oilprice.com
