Asteroid mining refers to exploiting asteroids and other planets and moons for natural resources. An example would be mining gold from asteroids.
How Much Gold Is In Asteroids?
Psyche 16 is an asteroid made up almost entirely of metals. Scientists project that it was once the core of another planet. NASA is making a trip to explore it planned for 2022. Outerplaces.com reports on how some state the asteroid is worth $700 Quintillion.
What Will Asteroid Mining Due To The Economy?
Obviously, the ability to extract and return vast quantities of gold, cobalt, iron, water, and other commodities can have a huge impact on he global economy and prices of these materials and substances. The key issue at this point is extraction. How can we extract them in a safe and cost effective manner? Phys.org has more on that.