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You know what else used to be incredibly expensive, to the point of being more valuable than gold? Aluminum.
So cry me a river.
As a side note, falling electricity prices through solar could mean a lower (aluminum price/iron price) ratio. Just saying. This would mean that we would see more aluminum in place of iron.
Yeah, but have you seen how many steps it takes in Factorio to have usable aluminum?
Kind of reflects the difficulty of refining aluminum ore. It’s much cheaper to recycle aluminum, which is why it’s one of the most looked for materials to recycle, and as more gets recycled the final price drops.