Australian mining stocks (ASX:AXMM) slump as much as 2.9%, reaching their lowest point since November 11, 2022.

The sub-index mirrors the decline in metal prices, with LME copper dropping to a four-month low.

BHP Group (ASX:BHP), a dominant player in the sector, also experiences a decline of up to 2.9%, marking its lowest level since September 27.

Mining behemoths Fortescue Metals Group (ASX:FMG) and Rio Tinto (ASX:RIO) also see drops of around 2.6% and 2.5% respectively.

Up to the last close, mining stocks have already declined 2.9% since the commencement of this year.

The Australian Mining Stocks encompasses a diverse group of mining companies, primarily focused on the exploration and production of various natural resources.