What role does iron play in the composition of the Earth's core?

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Iron is a primary component of Earth's core, making up between 85 and 90 percent of its mass. The core is largely composed of a liquid iron alloy, mixed with nickel and smaller amounts of lighter elements like sulfur and oxygen. A solid inner core also exists, primarily made of iron. This metallic composition is inferred from seismic wave data and the understanding that iron is a siderophile element, meaning it readily alloys with iron and concentrates in the core. The core's iron content is crucial for generating Earth's magnetic field through the dynamo effect.1234