Helium prices surge 40% due to blockage in the Strait of Hormuz
The shipping in the Strait of Hormuz has been disrupted, leading to a significant increase in helium prices. Bank of America recently estimated that, depending on different market conditions, the spot price of helium has risen by about 40%. Analysts point out that in a tightening supply situation, key industries that demand helium often prioritize supply security over price, which also makes it easier for suppliers to raise their quotes. (CCTV Finance)
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