Is space mining creating market differences and on-earth-inflation?

[Cryptomultiplier]

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.

[poodle63]

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.

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.

[Pingrapole]

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.

[bitgolden]

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.

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.

[Argoo]

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.

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.

[Argoo]

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

[teamsherry]

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.

[tyz]

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.

[Argoo]

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.

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.

[Fortify]

I have two scenarios I want to talk about. One is fictiion, but possible. The second is possible and in the discussion of current space agancys and companys. Source: https://www.esa.int/Enabling_Support/Preparing_for_the_Future/Space_for_Earth/Energy/Helium-3_mining_on_the_lunar_surface

Example #1 - Fiction - Planet X with huge amounts of gold

Example #2 - Real - Earth Moon with huge amounts of Helium 3 and 4

What if, companys or countrys can built and run factorys on both, Planet X and Earth Moon. And we can mine gold and Helium 3 and 4 in huge amounts additional to the earth sources. What will it do with the earth market for gold and energy (Helum 3 and 4)? Are there big differences of the price of f.E. Helium  3 on the Moon-market and the earth market? And aditional: Are there big differences of the price of Gold on the Planet X-market and the earth market? Or will the earth market crash?

How is it taxed?

Space mining is still a very distant and pretty much insignificant thought in the current scheme of things. You are much more likely to see deep sea mining taking place, as very rich undersea vents offer much easier access, extraction and delivery of these type of mineral resources. The atmosphere is hundreds of miles thick and very difficult to even get a handful of people through at the moment, so it's unrealistic to be able to move a lot of goods back and forth at any sort of reasonable profitability, companies and governments will always go for the easier targets first. There may, in the more distant future, be a need to extract certain elements from outer space in future but not for a very long time will it be feasible.

[moneystery]

sooner or later human civilization will reach the point where humans will not only explore and mine materials on earth, but also on planets close to earth. even more amazingly, human civilization is predicted to be able to mine enormous amounts of solar energy for the advancement of a cleaner and richer human life.

the moon and asteroids were only the first places humans would use for research, development, exploration, and mining. in the future there will be more places mined by humans and this will not affect the price of materials on earth because the cost of exploration is also quite expensive.

How is it taxed?

as far as i know, for the moon itself, countries that have set foot on its surface have annexed several territories and have declared that it is their territory. so for tax matters, it will be handled by each country according to their regulations.

[Marvelman]

It totally sounds like a sci-fi movie plot or something! I mean, they wanna send robots and vehicles out into space to latch onto space rocks and extract things like gold, platinum, and rare earth metals.  Wild right?

I guess the idea is that doing this could bring back huge amounts of these scarce materials, which would kinda crash prices here on Earth.  It would totally shake up commodity markets at first.  But in the long run, having more abundant access to useful elements could lead to innovations in technology... who knows what else.  More spaceships for sure!

It seems kind of far out there, but bringing back asteroid materials could maybe usher in a new age of space exploration.

[Ozero]

It totally sounds like a sci-fi movie plot or something! I mean, they wanna send robots and vehicles out into space to latch onto space rocks and extract things like gold, platinum, and rare earth metals.  Wild right?

I guess the idea is that doing this could bring back huge amounts of these scarce materials, which would kinda crash prices here on Earth.  It would totally shake up commodity markets at first.  But in the long run, having more abundant access to useful elements could lead to innovations in technology... who knows what else.  More spaceships for sure!

It seems kind of far out there, but bringing back asteroid materials could maybe usher in a new age of space exploration.

Just a few decades ago, digital technologies, the Internet, and artificial intelligence also seemed like science fiction to us. Therefore, several more decades will pass and the extraction of valuable chemical elements on planets, comets and asteroids may well become a reality. The main thing is that people unite their efforts in this, and not fight with each other. There is nothing particularly complicated here, you just need to invest large sums in this activity. But I don’t think this is a problem either, because private businesses are happy to invest in it, given the income it promises to generate.
When this gets under way, space exploration and the development of equipment and technologies that are associated with it will go much faster.

[franky1]

Space mining is still a very distant and pretty much insignificant thought in the current scheme of things. You are much more likely to see deep sea mining taking place, as very rich undersea vents offer much easier access, extraction and delivery of these type of mineral resources.

im sorry to inform you but they cant even get to visit the titanic successfully with humans in a capsule

The atmosphere is hundreds of miles thick and very difficult to even get a handful of people through at the moment, so it's unrealistic to be able to move a lot of goods back and forth at any sort of reasonable profitability, companies and governments will always go for the easier targets first. There may, in the more distant future, be a need to extract certain elements from outer space in future but not for a very long time will it be feasible.

its feasible now.. due to re-using rockets, the cost of getting capsules into space has been proven affordable compared to how much weight the payload of rocket can return with.
the only thing stopping space mining is the infrastructure being in space where they can refine the rock into more pure rare elements to then return to earth with a light payload that is not 99.9% rock:0.1% rare element,
which at a 100tonne payload of rare element could be worth billions per round trip IF refined in space, where only pure form returns to earth..
(carrying just unrefined asteroid rock, would be like 0.1tonne of gold (3527.4oz@$2k=$7m) so not worth the trip)
(carrying just basic-refined asteroid rock5% purity, would be like 5tonne of gold (176,370oz@$2k=$352.7m) so not worth the trip)
(carrying semi-refined asteroid rock50% purity, would be like 50tonne of gold (1,763,700oz@$2k=$3.527b) so worth the trip)
(carrying refined rare earth elements 99.9% purity, would be like 100tonne of gold (3,527,400oz@$2k=$7b) so worth the trip)

they just have to get the infrastructure up there + a couple of engineers(maintenance guys to repair the automated drills and refineries)
and ofcourse first need to find a water source for basecamp up in space as fuel and hydration

so its technically feasible and affordable. just takes time to implement

if you look at everything recently
the Mars rovers small scale core drilling samples of test tube size amounts is a sandbox test of remote commanded mining
Elon musks 'boring company' is other R&D, as is his solar, his electric car and space X

[dezoel]

Why do people think of this as anything different than two nations trading? I mean lets say country A has timber, and Country B has gas, one would send timber, and the other would send gas, and not like they would barter, they would sell and see the difference between them, maybe one would sell 80 million dollars worth of timber, while the other would sell 1 billion dollars worth of gas.

In this scenario, if we have colonies in all these planets, then planet X would send Gold, and moon would send Helium, whereas Earth would send something else and we would see who comes out on top. I would say going to a planet or an asteroid, and mining gold, and sending it back again, all costs way too much right now to make it profitable to be fair.

[Argoo]

Why do people think of this as anything different than two nations trading? I mean lets say country A has timber, and Country B has gas, one would send timber, and the other would send gas, and not like they would barter, they would sell and see the difference between them, maybe one would sell 80 million dollars worth of timber, while the other would sell 1 billion dollars worth of gas.

In this scenario, if we have colonies in all these planets, then planet X would send Gold, and moon would send Helium, whereas Earth would send something else and we would see who comes out on top. I would say going to a planet or an asteroid, and mining gold, and sending it back again, all costs way too much right now to make it profitable to be fair.

The extraction of natural resources and chemical elements in general from space objects will in any case bring great benefits to humanity, regardless of the amount of money spent on this activity. We constantly spend enormous amounts of material wealth and effort on waging endless wars and other wasteful activities, but flippantly brush aside what can later bring us significant and permanent benefit to our existence.

In addition, the organization of the extraction of useful substances on cosmic bodies should not be considered in isolation from other processes that will necessarily occur. We are talking about the probable settlement of these objects by people and the development of other related types of human activity. We definitely need to think now about duplicating human life on other planets, their satellites or even asteroids. After all, if any global catastrophe happens on our planet, then humanity may cease to exist. The presence of other people within our solar system will be at least some guarantee that this will not happen.

The opportunity provided for space exploration must be used immediately. When this process begins, new technologies for this development will appear, and its significant reduction in cost.

[franky1]

In this scenario, if we have colonies in all these planets, then planet X would send Gold, and moon would send Helium, whereas Earth would send something else and we would see who comes out on top. I would say going to a planet or an asteroid, and mining gold, and sending it back again, all costs way too much right now to make it profitable to be fair.

coming back to earth with a payload of rock where gold was only X part per tonne is not affordable. but having a moon colony that refine it and so what comes to earth is a pay load of 99.9% pure gold, no excess rock. would be more than affordable and very profitable

EG watch "gold rush" tv show.
count how many loader trucks move dirt in that weeks episode, between 'paylayer' mining area to the sluice machine/refining area.. and then compare it to the JAR OF GOLD at the end of episode weigh in.
imagine the asteroid<->moon as the trucks and sluice machine. and the rocket that comes to earth as the jar of gold.. not the dirt loader truck
(in space you dont need much fuel to move loader rockets between asteroids and moon, but you would need a few dozen tonne to move between earth to space)
so expect most refining to be done in space so what goes into space are EMPTY hull rockets (light weight, less fuel(empty jars)) and what comes back is heavy load(gold filled jars) of refined gold, then let gravity does most of the work

[bluebit25]

Our ecosystem still provides enough resources for human existence to last for centuries to come, but one would also think about the hypothetical colonization of neighboring planets to exploit natural resources and fuel. Whether. I also watch a lot of fantasy movies. I can imagine that if we exist in the future and lack resources, there are many proposed scenarios, let's not talk about the tax story because I'm not sure. that in the social context at that time we will still maintain the old management style. But movies like Avatar 1, DUNE 1 2,... all give me the feeling that people will always lack resources and they will be forced to find and control.

[Argoo]

Our ecosystem still provides enough resources for human existence to last for centuries to come, but one would also think about the hypothetical colonization of neighboring planets to exploit natural resources and fuel. Whether. I also watch a lot of fantasy movies. I can imagine that if we exist in the future and lack resources, there are many proposed scenarios, let's not talk about the tax story because I'm not sure. that in the social context at that time we will still maintain the old management style. But movies like Avatar 1, DUNE 1 2,... all give me the feeling that people will always lack resources and they will be forced to find and control.

Humanity now needs to think not only about resources for our planet from other space objects, but also about the reserve existence of people on other planets in the event of a global catastrophe on Earth so that people can simply survive. We see that the probability of death of humanity at the hands of people themselves is even much higher than the probability of death from natural and space disasters. Man is such an unreasonable creature that he constantly fights with each other and periodically destroys his civilization, and this also does not exclude the death of the planet itself or the impossibility of living on it for centuries and even millennia in the event of a nuclear war.

Elon Musk wants to move a million people to Mars and establish a human colony there for precisely this purpose. But this is only the first stage. The next thing should be the settlement of people outside the solar system, because our solar system with the Sun itself in the center is also not eternal. But these are already problems for hundreds and thousands of subsequent generations of people.

[btc78]

As far as I know we have yet to extract resources from extraterrestrial bodies which makes your hypothetical scenarios difficult to answer with certainty.

But one general rule that applies to all is that the price of a good depends on how easily or how hard it was to extract, manufacture and transfer that good to merchants.
Since it is from the outer space, we can imagine that it would cost very expensive but gold here on earth might not that be expensive as the one outside.