The recent drop in the Canadian dollar and closure of a US reserve has caused the price of helium to rise.
Although many associate helium with balloons, the element is also important for the scientific and medical communities.
Chemistry Chair Bill Power talked to CTV Kitchener about the use of helium in science.
Liquid helium, one of the coldest substances known to exist, is used to cool superconducting magnets and keep them cool. It’s also used in MRI imaging, making new batteries, studying new proteins and understanding new pharmaceuticals for medicine.
There are only certain places in the earth where we have deposits,” says Power. “We’ll always have some helium in the ground but the challenge will be to find it when we need it.”