Photographer: Dado Galdieri/Dado Galdieri

Iron Giants to Add 200 Million Tons of Supplies Through 2020

  • Top shippers Brazil, Australia to increase output, Citi says
  • Global glut set to increase, then drop as marginal miners quit

The world’s two largest iron-ore exporters Brazil and Australia will each add about 100 million metric tons of supply through the end of the decade, boosting a global glut and hurting prices in a slump that will then force marginal miners to cut output, according to Citigroup Inc.

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