RE: Technology Overcomes Scarcity
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Now I wonder if this also applies to the price of the rare metals used in technology. After all I think the supply we can dig out will eventually start to dry out and we would need to rely on the harder to mine places. Or do you think that there will be some way to get the metals in space or to synthesize it?
Notice how the charts shows there was a major drop in the price of Lithium, from 166 to 36
I don't see the chart. Is it just not loading or did you forget it.
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The chart appears for me.
The amount of minerals under our ocean floor is reported to be astronomical compared to what we found so far. For example, there is believed to be $500 trillion worth of gold under the ocean floors. The problem is getting it up, especially in a cost effective manner.
Underwater mining (vacuuming) is going to be huge as our unmanned under water drones get better. This is going to be the key to mineral extraction.
I really dont see asteroid mining impacting things on Earth. The cost to mine and bring back would be insane compared to price especially since huge finds would collapse the price. If we go down that road, I would venture to say they use it for other space related activities (like space manufacturing).
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