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Asteroid mining is the hypothetical extraction of materials from asteroids and other minor planets, including near-Earth objects. [ 1 ] Notable asteroid mining challenges include the high cost of spaceflight , unreliable identification of asteroids which are suitable for mining, and the challenges of extracting usable material in a space ...
Approximately 8% of known main belt asteroids are similar in composition to 16 Psyche. [10] [11] One company, Planetary Resources, is already aiming to develop technologies with the goal of using them to mine asteroids. Planetary Resources estimates some 30-meter long asteroids to contain as much as $25 to $50 billion worth of platinum. [12]
AstroForge's ultimate goal in the field of asteroid mining is the extraction, refinement, and sale of platinum-group metals (PGMs) located within M-type asteroids near to Earth. These asteroids are expected to be quite small in comparison to main belt asteroids, being anywhere from around 20 to 300 meters in diameter.
With minerals in short supply on Earth, private companies such as California-based AstroForge and international space agencies are turning to the prospect of asteroids in space.
Caledonia Mining Corporation Plc (NYSE:CMCL) is one of the best junior mining gold stocks for exposure to the precious metals market, in addition to firms like Newmont Corporation (NYSE:NEM ...
Whether you prefer the direct potential of gold mining stocks or the relatively steady performance of gold-tracking ETFs, Interactive Brokers has the tools and resources to help you.
a "core" S-type for asteroids having the most typical spectra for the S-group; Sa, Sk, Sl, Sq, and Sr-types containing transition objects between the core S-type and the A, K, L, Q, and R-types, respectively. The entire "S"-assemblage of asteroids is spectrally quite distinct from the carbonaceous C-group and the often metallic X-group.
Lower correlation to the stock market: Historically, gold has had a low correlation to the stock market, smoothing a portfolio’s returns. For example, during the financial crisis in 2008, gold ...