The Next Big Platinum Mine Just Passed Us By!

huge asteroid

Space mining has been an idea for a while, but in recent years the idea is becoming more and more a reality. Companies like Planetary Resources and Deep Space Industries are pioneering commercial space efforts. And with the research of NASA and the European Space Station also interested in landing on near-earth objects, space mining could be the next big thing.

In fact, the next big thing in space mining may have just passed. An asteroid called 2011 UW158 passed by Earth recently and studies showed that the mass contained an enormous amount of platinum. How much platinum you ask? Try between $300 billion to $5.4 trillion worth!

Other Favorite Posts You Might Like...

Platinum, palladium set to gain on supply squeeze Summary. Surging demand, especially in India's jewelry sector, coupled with tight supplies is leading Johnson Matthey to forecast a strong 2013 for platinum and palladium. Marketing for platinum jewel...
Goldman Sachs & Others Accused of Manipulatin... Gold and silver aren't the only precious metals being blatantly manipulated, at least according to Florida-based jeweler who filed a lawsuit against several companies for colluding to "fix" the prices...
Gold trades near 6-week low   By Nicholas Larkin, Bloomberg Gold traded near a six-week low in New York as investors weighed the case for the Federal Reserve to continue reducing stimulus against speculation the first mon...