U.S. designates helium a critical material, days after 60 Minutes report
The designation makes more federal financing available for helium producers.
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The designation makes more federal financing available for helium producers.
The U.S. designated helium as a critical material on Friday as the global supply is at risk of disruption, according to the Energy Department.
The region is expected to become Australia's only helium production site within 18 months, helping address a global shortage of the rare and vital gas.
The war in Iran is threatening the world's supply of helium, a natural resource crucial for a range of industries.
Shortages of helium, a byproduct of natural gas processing, could create problems for semiconductor and medical equipment manufacturers.
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