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1 min ago 2 min read
Industrial gas major Linde says it has been seeing the average price of helium rise and expects further increases as geopolitical disruptions tighten supply.
Speaking on its first quarter (Q1) investor call, the company said pricing had already begun to rise following disruption linked to the Iranian conflict, with the impact expected to continue feeding through the market over the coming months.
Despite the higher pricing environment, however, Linde said its global helium sales were “roughly flat” year-on-year, with a couple of percentage-point decline in pricing offset by a similar increase in volumes.
Chief Financial Officer Matt White said that the quarter was affected by timing, with the Iranian conflict occurring roughly two-thirds of the way through the period, creating a split between pre- and post-disruption pricing dynamics.
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