It is a brand new world and it’s time to start digging, If you have the money of course, lunar mining is about to explode and will be an integral part of any lunar economy when the time comes, because you can’t ferry all your resources from earth, and only 1.2% of a rocket is used for payload, and rockets cost billions of dollars to make, design and liftoff.

So you must use what you’ve got and there is a lot that, many world leading nations like the US or China or Russia are set for the moon to gain a foothold in outer space. But what about the law? The outer space treaty signed in 1966 prohibits claims of sovereignty over any celestial body, but mining is not covered in this treaty and is discussed very little in the halls of politics, despite the very high stakes and the potential for many valuable minerals up there…

What can be found up there?

Of course you can’t go there without water which is found deep in the lunar crust which is essential for human life and for rocket fuel for departing ships, many valuable minerals which are integral for our economies and lifestyles here on earth, are found on the moon as well, which is important for the development of infrastructure on the moon as well as a greater lunar society.

There’s also another element, helium-3, which is perhaps the most sought after resource which has the potential to be used as a low radioactive fuel for nuclear fusion which by the time a moon colony is well up and running, into the 2030s, fusion will have probably progressed into a viable energy source. There’s far more helium-3 on the moon than on earth; NASA estimates there may be millions of tonnes on the moon.

What companies will benefit from this?

Many, companies are receiving NASA contracts right now for space infrastructure to support a lunar colony, but what industries are mining on earth? Well they could have a place to mine on the moon, many companies which specialise in robotics, manufacturing, logistics, satellites for resource hunting could be set to benefit the most from future demand on off-world settlements.

One such example of a contract is a $57 million contract awarded to a company called ICON to be used to build permanent homes on the moon and potentially, mars it has found a formula for 3d printing houses using lunar regolith, which can be an effective shield against micrometeoroids, which are all to common on the moon due to the lack of an atmosphere.

Overall this company is set to benefit a lot from the potential future demand for permanent structures on the surface of many celestial bodies, so it’s always a good idea to have an eye on that company.

The headlines

• Devastation in a remote town as death toll from fire rises further, to 96 simply because of its remoteness, emergency services have a hard time reaching the town such that, community volunteer groups are much more effective than the government at clearing rubble. However, only 3% of the rubble has been cleared meaning there are more people trapped under, and the death toll will only rise.

• Price war in the EV market as Tesla has announced yet another price cuts some of their Model Y range, sending stocks dropping by 2.8% incentivise reducing their inventory in the wake of growing uncertainty in the market, such as the fact Tesla car sales have fallen 31% from June to July last month, and it might not stop there and can go even further, even if it involved tighter margins.

• Russian Rouble drops in value against US dollar as it passed the 100 rouble mark, as a result of sanctions, increased military spending, and blaming ‘loose monetary policy’. The Rouble has been devalued by falling 30% relative to the dollar since the start of the invasion of Ukraine. Higher interest rates are likely to be announced on September 15th, which brings knock on effects on the Russian economy such as increased interest rates on loans for companies and the government, making it harder to finance the war in Ukraine.

Any way, Thanks for reading 📖