The Fortescue Metals Group Limited (ASX: FMG) share price is on a great run, up 25% since 10 November. It’s trading more than 6.5% higher today.
After such a strong run, can the iron ore ASX share keep the good times rolling?
Fortescue shares haven’t been much higher than the current level for most of the past 12 months. This comes at a time when the iron ore price isn’t anywhere near as high as it was earlier in the year – when it was above US$150 per tonne.
