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MIT study simulates how asteroid mining would sink platinum and palladium prices

TechnologyInternationalEl ConfidencialAI summary
Image: El Confidencial

Two systems dynamics specialists at MIT, Robert Nachtrieb and Steven Smith, simulated in the paper "Will AstroForge Collapse the PGM Market?" the effect on the platinum group metals (PGM) market over the 20 years following the first successful return of material from an asteroid. Their model foresees an initial phase of very high margins for space mining companies and then a price drop of more than 75% that would displace terrestrial supply.

In 35 seconds

  • Nachtrieb and Smith, of MIT, modeled the PGM market after the first return of asteroid material.
  • In the first phase, industry profits could rise up to eightfold on high margins.
  • Within about fifteen years space supply would replace terrestrial supply and prices would fall more than 75%.
Read the full story at El Confidencial

IASummary generated by artificial intelligence from a story by El Confidencial. It may contain errors: the original source prevails.

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