What does space mining do

There is still a long way to go to recover resources in space and bring them back to earth. But rocket launches by private initiators are giving the industry a new boost. For example, there are already companies that want to make progress with satellites, specially developed space robots and the development of software and telescopes. Asteroids often contain iron, nickel or platinum group metals, which are important for the automotive and electronics industries. These are mainly found in large quantities in South Africa, Canada and Russia.

Sibanye-Stillwater – https://www.commodity-tv.com/play/sibanye-stillwater-corporate-update-restructuring-of-us-pgm-already-bears-first-fruits/ – is one of the major producers of platinum group metals. Its plants are located in South Africa and the USA. The Group also produces gold and is involved in battery metals.

NASA would like to study the asteroid Psyche from around mid 2029. It is around 226 kilometers in diameter and mainly contains nickel and iron. Other smaller asteroids are said to contain gold as well as platinum group metals. Missions into space are of course extremely expensive and some mining methods still need to be developed. Many problems are still unresolved, be it the energy required for mining in space, the water requirements, the necessary safety precautions or the logistics as a whole.

It is good that there are still resources on earth. There are still deposits that lie at greater depths and have yet to be discovered. Technologies that can penetrate deeper into the earth’s crust are still needed. As far as nickel (and cobalt) is concerned, the Canada Nickel Company – https://www.commodity-tv.com/play/analysis-of-the-nickel-market-and-why-canada-nickel-has-great-potential/ – has already identified large deposits at its Crawford project in Ontario, providing raw materials for the growing electromobility and steel markets.

Current company information and press releases from Sibanye-Stillwater (– https://www.resource-capital.ch/de/unternehmen/sibanye-stillwater-ltd/ -) and Canada Nickel Company (– https://www.resource-capital.ch/de/unternehmen/canada-nickel-company-inc/ -).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees may hold shares in the companies mentioned and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.

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