The Fortescue Ltd (ASX: FMG) share price could be one to watch over the next year, according to experts.

Oil and LNG prices are getting all of the attention right now, but the iron ore price is also making interesting moves. According to Trading Economics, the iron ore price reached US$106 per tonne at the end last week, which certainly gives the company room to make good profits.

Fortescue is one of the lowest-cost iron ore miners in the world, so any increase of the iron ore price largely adds to net profit (after paying more to the government).

In my view, the rising iron ore price is a key reason why the Fortescue share price has gone up around 20% in the last year, as the chart below shows.

Let’s see where experts think the…