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How new frontiers are driving the global race for resources
['Katrina F. Francisco']
BusinessWorld Online
IN BRIEF:• Technology, geopolitics, and climate change are unlocking access to frontier resources and strategic assets that include critical minerals, orbital slots, and emerging shipping routes.
This article explores the megatrend of how new frontiers are driving the global race for resources, highlighting how advances in technology, climate change, and shifting geopolitical dynamics are opening access to critical resources.
DEEP EARTH AND DEEP SEA MININGAs demand for critical minerals grows, attention is turning to both deep earth and deep seabed mining.
Deep earth mining extends existing mines three to four kilometers underground to access copper, gold, nickel, zinc, and platinum, offering a near-term solution as shallow deposits decline.
Earth orbit is the fastest-growing frontier, with launch costs falling 65% and active satellites rising from 3,300 in 2020 to 13,000 in 2024.