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US designates helium a critical material as supplies tighten
The United States declared helium a critical material as the Middle East war and export curbs by Russia and China squeeze global supply. Helium is vital to chipmaking, and Europe is scrambling to secure its share, Euronews reported.
Why it matters
Helium shortages could affect semiconductor production and medical equipment such as MRI scanners.
Background
Qatar, the United States and Russia are among the world's main helium producers. Critical-material status lets governments prioritize supply and investment.
Sources
- Euronews ↗Oct 23, 3:02 PM ET
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