Asteroid Mining Will Crash the Platinum Market, But That’s Good News for Earth

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There is a watchful revolution in the mining industry. Prices can fall more than 75%, and make green technologies much cheaper. Scientific fiction writers have been dreaming of robotic ships picking up fortunes on asteroids for decades. Humanity is slowly approaching this reality. But if we ask asteroid mining skeptics, they always ask the same question: what happens at the prices of all these rare materials when someone even brings them back Tw…

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The authors of science fiction have been dreaming for decades of robotic spaceships collecting fortunes on asteroids. Humanity is slowly getting closer to this reality. But if you ask the skeptics about mining asteroids, they will usually ask you a specific question: what happens at the prices of all these rare materials a [...]

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Treasure from space: If platinum metals could be brought to earth economically from asteroids, this could fundamentally change the commodity markets. A model calculation first shows a phase of unusually high profits for space mining companies. After that, prices would fall sharply, while classic mines increasingly lose their competitiveness. Cambridge (U.S.A.). Platinum, palladium and other platinum group metals are important raw materials for […