The glut of iron ore flooding the market from the low-cost producers like BHP Billiton (LSE: BLT) has certainly depressed the price of the commodity, but at last there are signs that the upside may be on the way.

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Owain Bennallack has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.