The Rio Tinto Ltd (ASX: RIO) share price is in the red on Wednesday.
Shares in the S&P/ASX 200 Index (ASX: XJO) iron ore closed yesterday trading for $125.60. In morning trade on Wednesday, shares are swapping hands for $125.07 apiece, down 0.4%.
For some context, the ASX 200 is up 0.3% at this same time.