Group 12 element by mass, and even the leanest concentrated deposits are at least 0.1% mercury (12,000 times average crustal abundance). It is found either as a native metal (rare) or in cinnabar (HgS), corderoite, livingstonite and other minerals, with cinnabar being the most common ore. While mercury and zinc minerals are found in large enough quantities to be mined, cadmium is too similar to zinc and therefore is always present in small quantities in zinc ores from where it is recovered. Identified world zinc resources total about 1.9 billion tonnes. Large deposits are in Australia, Canada and the United States with the
Iron ore largest steel producing country. It is also the largest importer, buying 52% of the seaborne trade in iron ore in 2004. China is followed by Japan and Korea, which consume a significant amount of raw iron ore and metallurgical coal. In 2006, China produced 588 million tons of iron ore, with an annual growth of 38%. Over the last 40 years, iron ore prices have been decided in closed-door negotiations between the small handful of miners and steelmakers which dominate both spot and contract markets. Traditionally, the first deal reached between these two groups sets a "benchmark" to be followed