The moon is set to become “the new Wild West” as China, Russia and the US fight for mining rights, experts have warned.

It comes after a legal framework to allow mining on the moon was signed by Australia, Canada, England, Japan, Luxembourg, Italy, the United Emirates and NASA last year, known as the Artemis Accords.

Experts have indicated that asteroid and moon mining could be worth trillions of pounds after a metallic asteroid 140 miles wide and worth an estimated $10,000 quadrillion made its closest approach to our planet late last year.

But in failing to engage Russia and China in the Artemis Accords, the Trump administration has now been accused of “exacerbating a national security threat”, experts have said.

(Read more)

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