Principal component analysis model of the impact of asteroid mining on global equity

Songyu Wang; Haochen Wang; Shilong Liu; Jian Wen

doi:10.1117/12.2638895

17 May 2022 Principal component analysis model of the impact of asteroid mining on global equity

Songyu Wang, Haochen Wang, Shilong Liu, Jian Wen

Proceedings Volume 12259, 2nd International Conference on Applied Mathematics, Modelling, and Intelligent Computing (CAMMIC 2022); 122592T (2022) https://doi.org/10.1117/12.2638895
Event: 2nd International Conference on Applied Mathematics, Modelling, and Intelligent Computing, 2022, Kunming, China

Abstract

With the continuous development of aerospace technology, people's obsession with outer space resources is getting deeper and deeper. At 1:30 a.m. Beijing time on April 25, a start-up company called Planetary Resources was founded and boldly announced its plan to mine planetary resources, a move that shocked many media. However, is the exploitation of space resources as good as everyone imagines, and what impact will outer space resources have on the global capital market and people's lives after they enter the global capital market? These questions have not been scientifically analyzed and studied so far. In this paper, we will take the example of mining the mineral resources of the planet Kepler 452b, through consulting relevant literature; three factors that can most affect asteroid mining are selected: economic strength, military capability, and technological level. We set the weight initialization of economic strength to 24 %, the weight initialization of science and technology level to 45 %, and the weight initialization of military capability to 31 %. The principal component analysis comprehensive evaluation model is used to analyze the impact of asteroid mining conditions on global equity. Through analysis, we find that the change of weight value will affect the scale of planetary mining, and then cause fluctuations in the global nickel, gold, platinum, and other precious metal markets, which has a negative impact on global equity to some extent. Reflected in the Gini coefficient, it is the dynamic change of the Gini coefficient value that first increases and then decreases.

Citation Download Citation

Songyu Wang, Haochen Wang, Shilong Liu, and Jian Wen "Principal component analysis model of the impact of asteroid mining on global equity", Proc. SPIE 12259, 2nd International Conference on Applied Mathematics, Modelling, and Intelligent Computing (CAMMIC 2022), 122592T (17 May 2022); https://doi.org/10.1117/12.2638895

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KEYWORDS

Principal component analysis

Mining

Asteroids

Gold

Nickel

Planets

Platinum

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