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Quarrel with Australia: Beijing develops Ore Mines in Guinea

No other country is so hungry for the useful raw material: China buys 75 percent of the world’s iron ore production. The iron ore is used primarily to make steel, which in turn is essential for China’s industrialization. Without iron ore, there is no sustained growth. This is especially true for the defense industry, which puts the topic of steel at the top of planners’ agendas in Beijing.

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