Here’s why Macquarie sees 39% upside in the Rio Tinto (ASX:RIO) share price

Shares in resources giant Rio Tinto Limited (ASX: RIO) are struggling to find range today. At the time of writing, the Rio Tinto share price is $94.71, after rallying as high as $95.71 and slipping as low as $94.38 in early trade.

Zooming out, Rio shares are swimming in a sea of red across all…