Iron Giants to Add 200 Million Tons of Supplies Through 2020By
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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