For practical purposes, the Earth’s crust is the only source of minerals. There are, of course, huge amounts of minerals in the Earth’s core and in space, but at the moment it is not possible for us to reach and use them.
Hard rock minerals could be mined from an asteroid or a spent comet. Precious metals such as gold, silver, and platinum group metals could be transported back to Earth, while iron group metals and other common ones could be used for construction in space.
Difficulties include the high cost of spaceflight, unreliable identification of asteroids which are suitable for mining, and ore extraction challenges. Thus, terrestrial mining remains the only means of raw mineral acquisition used today. If space program funding, either public or private, dramatically increases, this situation may change as resources on Earth become increasingly scarce compared to demand and the full potentials of asteroid mining—and space exploration in general—are researched in greater detail.
Asteroid mining could shift from sci-fi dream to world-changing reality a lot faster than you think. Planetary Resources deployed its first spacecraft from the International Space Station last month, and the Washington-based asteroid-mining company aims to launch a series of increasingly ambitious and capable probes over the next few years.
The goal is to begin transforming asteroid water into rocket fuel within a decade, and eventually to harvest valuable and useful platinum-group metals from space rocks. “After that, I think it’s going to be how the market develops,” Lewicki told Space.com, referring to the timeline for going after asteroid metals.
“If there’s one thing that we’ve seen repeat throughout history, it’s, you tend to overpredict what’ll happen in the next year, but you tend to vastly underpredict what will happen in the next 10 years,” he added. “We’re moving very fast, and the world is changing very quickly around us, so I think those things will come to us sooner than we might think.”
Picture Credit : Google