The Rio Tinto Ltd (ASX: RIO) share price is in the red amid the mining giant announcing record first-quarter iron ore shipments.
The S&P/ASX 200 Index (ASX: XJO) company’s Pilbara iron ore business shipped 82.5 million tonnes of the steel-making material in the March quarter – a 16% jump on the prior comparable period.
The Rio Tinto share price is down 1.75% in early trade on Thursday, with stock in the miner swapping hands for $121.04 a share.
