MIT study simulates how asteroid mining would sink platinum and palladium prices
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%.
IASummary generated by artificial intelligence from a story by El Confidencial. It may contain errors: the original source prevails.
%3Aformat(jpg)%3Aquality(99)%3Awatermark(f.elconfidencial.com%2Ffile%2F65c%2F43d%2F0ca%2F65c43d0ca5dbd5ff8f19b44167343db9.png%2C0%2C275%2C1)%2Ff.elconfidencial.com%2Foriginal%2F4cc%2F13d%2F9da%2F4cc13d9dae976bc2d5853802dfd4dede.jpg&w=1200&q=75)



Comments
Be respectful. Comments reported by several people are hidden until a moderator reviews them.
You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.