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by yissp 1792 days ago
Is iron abundant enough for this to scale? Maybe this could kickstart the asteroid mining industry.
3 comments

The earth is made out of iron. There is no point in mining it in space, and regardless anything mines in space would be far too expensive for a use like this, which is why the main prospects for asteroid mining are precious metals.
Yes, iron ore is mined in massive quantities in Western Australia at a cost in the order of $100 per ton.
Yes, we're not gonna run out. WA ships nearly a billion tons/yr.
You would use a fixed amount of iron and recycle it. It's not like you need "fresh" iron for every use.
Iron is the 4th most abundant element in Earth's crust. There are almost 3000 times more iron atoms than lithium atoms.