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Asteroid Mining Is Nothing But A Pipe Dream?

26 Jan 2011, 18:57 UTC
Asteroid Mining Is Nothing But A Pipe Dream?
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(Image Credit: How Stuff Works) If there was one future space industry with the potential of making space affordable it was asteroid mining. With many of these space rocks harboring untold riches via (rare earth metals), it was assumed that mining these planetoids could help fund our trek into the final frontier without us having [...]

(Image Credit: How Stuff Works)If there was one future space industry with the potential of making space affordable it was asteroid mining.With many of these space rocks harboring untold riches via (rare earth metals), it was assumed that mining these planetoids could help fund our trek into the final frontier without us having to resort to immediately stripping the Moon’s surface for helium-3.Unfortunately it looks like our quest to harvest these metallic mountains may not yield the profits we were hoping for, which means that humanity may need to look for another lucrative alternative soon.With the costs of rare earth metals on the rise, why can’t space entrepreneurs mine asteroids for platinum and other REM’s and return the materials to earth? Shouldn’t finding so many near earth asteroids make the problem even easier to solve (less delta-v to reach these nearby asteroids)? [...]Assumptions:Mission: Mine ...

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