European stocks move: Mining stocks weaken due to declines in iron ore and base metal prices

Glonghui, June 4th | The European mining stocks index fell by as much as 1.9% on Thursday, as iron ore prices dropped to a two-month low, extending the week’s downturn amid increased supply and seasonally weak steel demand that dampened market sentiment. Rio Tinto dropped 3.1%, making it the biggest drag on the index within the sector. Antofagasta fell 3.0%, Boliden fell 2.3%, Anglo American dropped 2.2%, and ArcelorMittal slid 1.3%.