Topic: Is space mining creating market differences and on-earth-inflation? - page 2. (Read 426 times)

No one claims that the extraction of natural valuable minerals in near space can happen in the near future. The appropriate technology for this does not even exist yet. But all this will arise over time. Humanity simply cannot do without their space production. And this is absolutely nothing to be afraid of. If, as a result, there are much more of certain valuable metals such as gold and platinum on our planet, there will simply be a revaluation of values. Yes, there will be price shocks for some time, but in general for industry, the development of equipment and technology, this will be an unprecedented rise.

Mining in space will always be meaningful and promising as human knowledge expands and we learn more and more about new chemical elements and their beneficial properties. As a result of this, our capabilities will expand, and this in turn will have a positive impact on the possibility of deep space exploration.

I think that space mining will not be profitable in the near future. For several reasons: the first is certainly that it is still extremely expensive to carry out such missions at the moment. Also, the chance of something going wrong is very high, so the potential risk-profit ratio is far too high. In addition, resource prices on Earth would have to be much higher than they are now. Another important factor is that many resources that are rather rare on Earth (gold, platinium, uranium, etc.) are much more abundant in space. If more of these are brought to Earth now, the price will collapse, which in turn will mean that mining in space will no longer be worthwhile.

In other words, the current price of raw materials will have to increase x-fold for mining in space to be worthwhile at all. And since global economic growth is slowing down anyway, it will be a long time before we reach that point.

If such reality ever happens It would really upset the balance that we know already, just imagine if a new mineral were to be found that would have more value than gold it would affect the gold market since investors would shit from there and probably start investing in that mineral, and worst of all the poor masses would suffer even more and only the rich or very rich persons would have access or money to create machines that can mine such minerals and bring it to earth.

Moreover for any already existing mineral to compete it should have better properties that those newly imported materials or at least have a better usage than it.

Humanity is already trying to evaluate the possibility of extracting valuable chemical elements from asteroids in near space. Last October, the United States sent a scientific mission on Elon Musk's rocket to the metal asteroid Psyche. According to scientists' calculations, in 2029 the device will reach an asteroid located in the Main Asteroid Belt between the orbits of Mars and Jupiter, having covered 3.5 billion kilometers by that time.

The metallic asteroid Psyche, 280 km wide, is the most expensive known space rock in the solar system. And this is due to its composition, because it must be filled with a huge amount of valuable metals such as gold, platinum and others. The total value of these metals, if they could all be delivered to Earth, is estimated to be 10,000 quadrillion dollars and far exceeds the total value of the entire modern economy of the Earth, that is, all the economies of the countries of the world. Despite the fact that the technology for extracting minerals from space objects does not yet exist, it will certainly appear soon, since this is a very promising industry.

https://rtvi.com/news/ssha-zapustili-missiyu-k-asteroidu-psiheya-na-rakete-maska/

https://focus.ua/technologies/599045-samyy-cennyy-asteroid-psiheya-pochemu-on-takoy-dorogoy-i-mozhno-li-dobyvat-na-nem-metally-foto

Some time will pass before humanity will be able to deliver minerals from cosmic bodies in space. By that time, people will definitely have invented relatively cheap ways to deliver them to Earth. It is likely that their delivery from asteroids may involve towing them to Earth and controlled dropping them at the desired point on our planet. Considering the expected large volumes of the substance delivered, their “extraction” may be even cheaper than it costs on our planet.

This method of obtaining minerals will definitely have a beneficial effect on the inhabitants of the Earth. In this case, there is no need to be afraid of inflation, since there will simply be a revaluation of values.

I would guess that since this would be in the future, we are going to probably not spend as much, of course due to inflation it would look like a higher number, but not worth as much. I believe we will even have an electric vehicle in the future, which would be insane without a doubt but it can be done, many things we assumed couldn't be done ended up happening so it shouldn't be that crazy to think about it neither.

I believe that we could see it happen one way or another and should be fine. I hope that it gets to a point where we could see it happen easily, like just a daily job of someone. I do not think that life will be that simple at space that quickly, we will not see it, but it could happen in the future.

My little opinion is that as far as the two things are available, there must be a difference between them because one is from the ground and one is from the sky and there will be a price difference between the two because on the ground we are close to all countries So I know but when it comes from space, when there is a certain country's work, then that country will say what that country will say As a result there will definitely be a price difference and since it is a new mineral it will be in high demand and people will be interested in it, so the price will be high.Space mining is a future fantasy, but we can discuss it because we are doing so much for our future generations.We value things from the ground one way and things from space we value differently because if we know something about space we are more interested, so the difference in prices of things there is huge I am not saying that my reasoning is correct. People with farsightedness may know better about this. I welcome their comments, and we want to learn from them.
Finally, with the way the space system is improving, we know that today's imaginations will soon become reality, because one by one, humans are completing space missions Very soon we will be able to bring minerals and other substances in abundance from Mars, Moon, etc. and these will be much more acceptable to the people of Earth and will make a good price difference As an example, there is nothing on earth that we don't have but bought at a high price, but we couldn't go to the moon, but we spent millions of dollars and bought land on the moon If we are buying then we need to understand that space buy spin mining as we know the resources will be very valuable and will make a huge difference to the world market.And it is natural that this will create massive inflation and that certain states will benefit from it.

considering that sending up satellites requires enormous amount of money, i think the transportation fee needed for interplanetary mining would costs a lot more unless they could mine in bulk and bring it together in earth considering some planets or meteor out there might not have the atmosphere that requires thrust to get into space.
i'm sure in the future this kind of thing will become real, after all humans always needs such resources and the earth could only provides so much, but the concern is that, technology is always changing, the efficient ones always dominate, maybe in the future we will find a way or some kind of technology that could helps efficiently mine in space, in which gonna be wonderful for the earth.

Space mining minerals would be way expensive than gold or any precious metal or mineral on earth.
Unless what is mined from space is used for so many purposes, as much as gold does, and the demand for it is high in that supply is limited, then that's when I can say it can affect price on earth and even cause inflation.
Besides this, I doubt space mining has got much effect on the earth markets to the point of causing inflation or upsetting current market structure.

It will readjust with the cost of the mining, itself. If the mining cost from space is still lucrative, which means that the mining cost and reserve within Earth are comparable or cheaper with space mining, the price or the market will surely adapt to the supply availability and the current demands.

With the basic fact of how the market works, it certainly applies to other commodities, such as your example, gold. So does with different specific parts of an area. Different places might have different costs, if the end price value, including, the transport cost etc., are still competitive within some market at specific places, the price will adjust.

They all depend on the cost if they are cheap and regular trips, the demand for gold will decrease as a origin used in some central banks and will be replaced by another fuller. This will enhance the uses of gold in the industry and improve the efficiency of the devices.People will turn the attention of diamonds as a substitute for gold and banks will try to keep quantities of diamonds or any metal that has a definitive properties such as gold and there is a high demand for it.
I expect to see the results of space mining within 30-100, and if technology develops, some of us may be able to live to see that day, but so far you may see the generations that follow us.

honestly i think the price will differs in moon and earth for example, since transport requires money, if the transport fee is quite high then the price difference will be big, same will commodities across continent nowadays, different continent different price, and the law of demand and supply will still be relevant.
though if the supply of gold for example, gets affected because the mining is very effective then the price will surely plummets, i think it also depends on the utilisation of such precious metal in future modern world where the interplanetary mining is becoming real.
there are simply too many thing to considers. the fact that we don't know the estimated cost for starting up mining in another planet already means we can't really estimate the price and effectivity which means its all just speculations.

Pretty sure that if space mining does happen it's going to be privatized like regular in-earth mining, with only the "financially-capable" being able to take this venture and monopolies/oligarchies taking over the industry. So regardless if we found asteroids with billions of dollars in gold or whatever precious metal there is, It's not going to actually affect the price of these commodities since these private companies would do whatever they can on their end to stop the supply from diluting its value.

Or we can be optimistic and suppose that the introduction of more stuff's going to inflate the value of commodities like gold like crazy that no efforts can be made to up turn it, making gold easily accessible to everyone. Personally I'd choose the former even though it's a little dystopic since at the very least, it's not going to affect the investments of those people who have bought gold, or whatever precious commodity they are holding.

spaceX has a starship that can hold upto 100tonnes.
doing a shipment per month is 100tonnes a month landing on earth. so yes this can impact markets

world demand of gold is 4000 tonnes a year.
one shipment a month is 1200 tonnes a year = 30% excess new gold(if ontop of earth mining)

if it costs ~$900 to mine 1 ounce earth gold(wholesale production not market). 100tonnes is 3,527,400 ounces
which is a equivelent cost of $3,174,660,000 per space shipment.
so if they can mine space gold for less than $3billion.. then yes it can affect the earth market

In the short term, space mining is unlikely to have any impact on metal or precious resources. There are lots of sources far below the ocean surface that are likely to be more easily extractable than trying to reach out into space. It'll probably be many decades before a feasible idea is even attempted, which might also be liable to government intervention. Unless you were able to find an asteroid made of something like gold, that could be mined in a special way, then the complexities are not even worth bothering to investigate. Asteroids of a decent size in close earth proximity are fairly rare anyway. We'll definitely see more research and probes going out to determine whether it is possible though.

It is not only possible but it is going to happen, the only issue is that we need time for that. I am not entirely sure if space travel will be that easy, like we do not know if we are going to end up in a starfield world or not, but I can say that it is definitely going to be something to care about on the long term.

Looking at the space travel we have right now and how much we care about it at the time, I can say that it may not end up being that great, and I think it is going to end up being a bit different. I know that it may take some time, but at the end of the day it is going to happen one way or another, that is going to be the most important thing and we should be happy about it without a doubt. Just wait for it.

There could be 2 scenarios IMO. One is good and another is bad on how you look at it. Price is determined by demand and supply. In scenario 1, if they are able to mine and take it back to earth, then the supply will increase, thus decreasing the value. Good for consumers and bad for business people. I don't know how the market will react to this but those who do the mining could control the supply in order to keep the value up. And if the supply increases, what would happen to the price of existing ones? This is complicated until it happens.

In scenario 2, it will take more resources and money to mine outside Earth and take it back to Earth again. For the increasing investment to gain those gold or Helum 3&4 the price may skyrocket(pun intended LOL). This could affect the existing value too. As I have less knowledge about this market so I can't say much but this was my assumption.

I believe that this space mining thing is going to be a race and the first ones will definitely make a lot of money because they will not lower the prices, the worse thing that they could do is probably increase the price since they have a monopoly on space mining unless countries are starting a space race for space mining right now then we would expect a monopoly otherwise.
I beg to differ with this article about OSIRIS-Rex landing a rocket on an asteroid to collect samples. If that becomes successful that means that mining is a possibility. I would agree with you that we might not see it in our lifetime but I do believe that the resources in those asteroids is lucrative enough for countries or companies to jumpstart a project to mine these asteroids because the first ones to do it will definitely monopolize it.

This YouTube video from Kurzgezagt can be a big help to further your understanding of the basics and where we are right now in space mining.

Your idea is really out of this world, and this space mining costs more than you imagine, also they must need to study if the number of supply with this is enough to the number of money they will spend if its not worthy tho no need to support this project that's all but if it is this will become a huge project that many people will recognize and the possibility of getting taxes is zero sure the government or the project who manage itself will secure this treasure created for different offers and services to the community. But at the end its quite far from reality.

Sometimes the emergence of a new, more efficient alternative does not mean canceling the old product, but it will be less concerned according to the price. We have examples of this such as the oil revolution, the discovery of oil fields and its impact on coal mines^[1], and Salar de Atacama^[2], which was thriving in the past and suddenly everything stopped.

Therefore, if a planet full of gold is discovered, there will be a comparison between the cost of extracting that gold to deliver it to planet Earth and the price of gold on planet Earth. If the price is lower, mining on Earth will gradually stop, and vice versa.

These things are not black and white, but they differ according to each case and every situation.

[1] https://yearbook.enerdata.net/coal-lignite/coal-production-data.html
[2] https://en.wikipedia.org/wiki/Salar_de_Atacama