""There's a physical challenge here with so much of the world's normal helium supply offline," said Duncan MacKenzie, a vice-president at Global Helium, which is developing a production facility near Medicine Hat, Alta. "It'll clearly put a tailwind behind Canadian production and producers," he said. "It'll attract interest and capital.""
""It'll clearly put a tailwind behind Canadian production- Duncan MacKenzie, Global Helium. The broader fallout of the U.S.-Israeli war on Iran has caused helium prices to double, some experts say, while causing concerns about shortages in certain parts of the world.""
The conflict in the Middle East and the closure of the Strait of Hormuz have led to a global helium shortage, benefiting Canada's helium industry. Companies in Western Canada are experiencing increased demand and prices. Qatar, a major helium supplier, has faced export challenges, causing helium prices to double. Canada has significant helium reserves but limited production. To expand, companies need to build facilities, pipelines, and hire staff, particularly in Alberta and Saskatchewan, where exploration interest is highest.
#helium-shortage #canada-helium-industry #middle-east-conflict #qatar-helium-supply #investment-opportunities
Read at www.cbc.ca
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