A pair of system dynamicists from MIT explored whether asteroid mining could collapse the platinum group metal (PGM) market, which is vital for modern industry. AstroForge, a startup in California, aims to mine PGMs from metallic asteroids, using small, agile probes that cost only a few million dollars each to launch. The company's approach involves latching onto asteroids with magnets, vaporizing their crust with high-powered lasers, and refining PGMs onboard. According to their model, the first phase of asteroid mining could see a "space gold rush," with prices for PGMs initially held artificially high due to limited supply. This would drive private investment and expand production capacity, leading to industry profits skyrocketing to eight times current levels. However, over the next 15 years, the global supply of PGMs will exceed terrestrial amounts, causing prices to drop by over 75%. This would make high-cost terrestrial mines obsolete, but would benefit the world by making PGMs cheaper and more accessible, supporting the transition to a "green economy."









