ASX 200 mining shares sink as iron ore price nears 2023 low

ASX 200 mining shares, including the major iron ore miners, closed lower on the market on Thursday.

The S&P/ASX 200 Materials Index (ASX: XMJ) finished the day 2.03% in the red.

BHP Group Ltd (ASX: BHP), Rio Tinto Ltd (ASX: RIO), and Fortescue Metals Group Ltd (ASX: FMG) were among the shares to slide.

Let’s take a look at what weighed on these ASX 200 mining stocks today.