US designates helium as critical material as Europe faces supply squeeze

The US has classified helium as a critical material due to its importance in semiconductor manufacturing and energy production, amid global supply disruptions. This designation allows for increased federal funding and oversight for helium producers. The US is the largest helium producer, but exports from Qatar have been impacted by regional conflicts, while Russia has imposed export restrictions. The US aims to reduce reliance on foreign helium sources and bolster domestic manufacturing. Meanwhile, Europe struggles to secure helium supplies, worsened by China's recent export ban and ongoing geopolitical tensions.