U.S. Energy Department designates helium as a critical material, citing importance for semiconductors and supply chain risks

The U.S. Department of Energy has designated helium as a critical material due to its indispensable role in semiconductor manufacturing and advanced energy technologies, as well as its growing exposure to supply chain risks. This designation, part of the Trump Administration's strategy to reduce reliance on foreign sources, will unlock more federal financing for helium producers and increase government monitoring. Global helium supply has faced disruptions from geopolitical events, including Iran's closure of the Strait of Hormuz and Russian export controls.