Up 12% in April – what’s driving the Rio Tinto (ASX:RIO) share price?

The Rio Tinto Limited (ASX: RIO) share price has had a great month on the ASX.

At the time of writing, the mining giant’s share price has risen by 12% since the end of March. Rio Tinto shares are currently swapping hands for $123.64 apiece.

For context, the S&P/ASX 200 Index (ASX: XJO) has risen by 3.6% over the same timeframe, while the All Ordinaries Index (ASX: XAO) is up 3.8%.

Let’s take a deep dive into what’s been driving the Rio Tinto share price over the last month.

What has Rio Tinto been up to in April?

The rallying of both the Aussie dollar and iron ore prices has helped boost the Rio Tinto share price…