A major shortage of helium has begun to make its impact felt across a number of industries, as a combination of dwindling resources and increasing prices take their toll.
The U.S. will exit the helium business by the end of September 2021, as established by the Helium Stewardship Act of 2013. Also, resources in Texas have dwindled because of a combination of different factors. While helium might be best known as laughing gas and for its use in balloons, it plays a crucial role in a number of different industries, from the aerospace to the medical sector.
Experts noted that demand from countries such as China was increasing and the growing development of high-tech manufacturers had also put producers under pressure. The New Jersey-based party supplier said it normally shuts between 10 to 15 stores each year, and the latest round of closures came as it aimed to improve its market performance.
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