Highsec mineral prices declining – Manufacturers feel relief
Experts attribute the price downturn to technical innovations for mining fleets that have become widespread in recent months.
Good news for industrialists and some regional corporations, bad news for lone miners who have families to feed. Like many regions in high security space, prices for Tritanium and Pyerite in Genesis are currently plummeting. Genesis‘ system Habu yesterday saw a record low of ISK 2.51 per unit Tritanium in sales orders on a volume of nearly 10.6 million units; Pyerite was offered there for ISK 5.72 per unit, but in much smaller quantities. The 20-day average of actual sales prices for Tritanium was around ISK 3.3, for Pyerite around ISK 8 per unit. Thus, since the last peak three months ago, Pyerite has fallen in price by about 20 percent, Tritanium by as much as 30 percent. In regional day trading yesterday, Pyerite was even 75 percent cheaper than just a few weeks ago, when the cheapest unit in the sell orders cost about 16 ISK.
Experts attribute the price downturn to technical innovations for mining fleets that have become widespread in recent months, they said.
This is good news for manufacturers of products that are based to a high degree on tritanium and pyerite, such as small and medium-sized T1 vessels or certain charges. The price downturn can compensate at least part of the increase in other important minerals, such as isogen, whose price has almost tripled in recent months.
This is less good news for miners, who cannot rely on maximized skills and T2 equipment for their work, nor can they rely on operations with strong fleet support. For them, their previous work is unlikely to be worthwhile, experts say. „At the very least, embedding in the operations of active, savvy and technically capable corporations is now likely to be inevitable,“ commented the CEO of a local industry cooperative on the matter.