The iron ore price is quickly becoming a focal point in the dispute between resource bulls and bears. It's kind of like a Rorschach blot test for investors. What you see in the price may tell you more about yourself than it tells you about iron ore.
But the objective facts are the same no matter who perceives them. At $150.90 per tonne, the spot iron ore price is at a 15-month high. It's up 70% from the August lows last year. Those are the facts.
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