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The price is going to come down. Kinda like the glut of oil reserves in the world. Everyone knows the time of internal combustion engines is drawing to a clos
by Fjolsvith 8y ago
The price is going to come down.
Kinda like the glut of oil reserves in the world. Everyone knows the time of internal combustion engines is drawing to a close and so they are trying to sell every barrel they have before barrels of oil become worth pennies.
Once enough people have asteroid material in orbit, the material cost will drop as sellers try to recover any value out of the market.
- ben_w 8y agoThat’s only possible if there’s a bubble that causes total production to exceed demand-at-zero-profit. As this thread forked off a suggestion of nickel production, I looked that up — around 2,0000,000 tons per year right now. If there’s enough production going on in space to bubble-and-pop at that kind of scale, I’d expect overcapacity to be used for construction of space habitats, not lowering prices below cost in a fire-sale.