Although Irans exports are too small in the context of the global iron ore seaborne trade estimated at between 800 million and 1 billion tonnes per annum to have an impact on prices, it.
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China, the worlds biggest iron ore market, consumes about 90 of Irans exports of the material. China bought 14.7 million tonnes of iron ore from Iran in 2018, accounting for 1.4 of its total.
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