2023-08-01 21:34:50
Imagine with us if gold prices fell due to the high supply as a result of space mining. This will confuse and destabilize the jewelry industry, down to some of the current applications of gold, such as the manufacture of electrical cables using gold conductors. This includes dentistry, cosmetics, printing devices, computers, electronics and mobile phones. Likewise, in the turmoil of the reserves of central banks and countries, where one of the primary roles of gold in central banks is to diversify their precious reserves, and we compare this with the rest of the rare metals and the extent of their applications if we know that China acquires 80 percent of the rare minerals in the world, and the struggle of rare minerals in The world deserves an article alone. The return to space exploration following decades of disillusionment, a combination of low technologies and competitive energy from the private sector, has put space travel at the forefront. Many researchers believe that commercial developments in the space industry may be regarding to start the largest resource rush in history, which will begin with mining on the Moon, Mars and asteroids. While this may sound fanciful, steps have already been taken towards that goal. In 2020, NASA awarded contracts to four companies to bring soil from the Moon by 2024 and study its minerals, effectively ushering in the era of commercial mining in space. Science fiction fans know, the resources of the solar system seem almost unlimited compared to those on Earth, and there are other planets and dozens of moons and thousands of huge asteroids and millions of small planets that undoubtedly contain huge amounts of rare and very valuable minerals. Dreamers, including Jeff Bezos and Elon Musk, imagine that heavy industry can move into space, and the world of space become residential areas. While entrepreneurs look to harness wealth beyond the atmosphere, access to space resources remains entangled in the realities of economics and governance, and exploitation Space is currently actively involved, because space resources include non-physical assets, such as orbital locations, and the abundance of sunlight that enables satellites to provide services to Earth. It is noted the fact that space does not belong to any country, which may be believed to move away from the difficulty of traditional methods and procedures for resource allocation, property rights and trade, and we will talk later regarding the regulation of the space industry later, because it is indeed not as easy as we might imagine. The prospects for space mining are driven by technical progress through The space industry, and the advent of large-scale, reusable rocket components, has lowered launch and operations costs. Private companies are now emerging as leaders in the development of space activities including orbital tourism, orbital industrialization and small satellites providing specialized services. With that being said, real challenges exist in the space mining industry, including the high cost of spaceflight and the unreliable identification of asteroids suitable for mining. , and the challenges of extracting usable materials in an unknown space environment and others. Perhaps the most important challenge is the legislation of international space regulations and laws, as space is not owned by anyone, which may create an international conflict. Although uncertainties remain high in the space mining industry, space mining holds the promise of accelerating space exploration and boosting economies. The idea of the space industry in general, and space mining in particular, was dismissed just a few decades ago as the stuff of science fiction, but space mining is no longer A dream or science fiction, but rather a market that goes along with exploration, manufacturing and development.
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