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by MS90 2417 days ago
I hope I can live long enough to see the effects of asteroid mining on the world and the economy.

Palladium today is $1704.73 per ounce, but the price of palladium comes from the fact that it's extremely rare on Earth. But what if someone comes back from an asteroid with an amount of palladium that suddenly triples the worldwide supply? What will the effects be on the price point? I'm sure the costs of getting it back planetside will be factored in and slow down any inflation, but I am still curious.

And what kind of things could we create, given a vastly increased supply of rare elements?

1 comments

If you have a stranglehold on an exceptionally rare resource, I'm not sure it would be a wise business move to suddenly triple the world's supply.
Yeah, probably would be best to take the De Beers approach and bury 99% of it in storage.