Why is helium getting so expensive?

Some experts have raised concerns that helium supplies may deplete as soon as within the next 25 years, highlighting the urgency to manage this resource wisely. The increasing demand for helium, coupled with limited production rates, is a significant factor contributing to its rising cost.

Helium, a valuable resource found beneath the earth's crust, is becoming increasingly expensive due to its finite nature. This rare gas, essential for various industries including aerospace, medical, and scientific research, is facing a potential shortage in the NEAR future.

The use of helium in various industries underscores its importance. In the aerospace sector, helium is crucial for fuel tank pressurization and leak detection, while in the medical field, it is used for MRI scanners and breathing mixtures. Its versatility and unique properties make helium an indispensable resource.

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