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Global helium shortage cited by Party City as it closes 45 stores; high-tech industries could be hit soon

A shortage of the inert gas is blamed for closing 45 stores this year. When the Wyoming helium plant goes offline this summer, high-tech could be hit hard.

The price of helium has soared due to shortages. In this photo, a balloon chain rises into the California sky the Coachella Valley Music and Arts Festival on Friday, April 19, 2019. (Kent Nishimura/Los Angeles Times/TNS)
The price of helium has soared due to shortages. In this photo, a balloon chain rises into the California sky the Coachella Valley Music and Arts Festival on Friday, April 19, 2019. (Kent Nishimura/Los Angeles Times/TNS)Read moreKent Nishimura / MCT
    by Sam Wood
    Published