"Surging by 40%! Blockage in the Strait of Hormuz impacts helium supply chain"

The ongoing Middle East conflict continues to impact the global market. Iran's attack has caused a disruption in Qatar's liquefied natural gas (LNG) export capacity by approximately 17%. The Middle East conflict has also affected the global helium supply chain and spread to more industries. Helium is an important raw material in multiple industries, especially in the technology sector, widely used in semiconductors, aerospace, electronics manufacturing, and medical imaging industries. Prior to this round of conflict, Qatar supplied over one-third of the world's helium. The blockade in the Strait of Hormuz has led to a significant increase in helium prices. According to recent estimates by Bank of America, helium spot prices have risen by about 40% depending on market conditions. Analysts point out that in times of tight supply, key industries that require helium are more concerned about supply security rather than price, making it easier for suppliers to raise prices.