The BHP Group Ltd (ASX: BHP) share price is sliding on Monday.
Shares in the S&P/ASX 200 Index (ASX: XJO) mining giant closed on Friday trading for $41.60. At the time of writing, shares are changing hands for $44.06, down 1.2%.
That trails the 0.4% loss posted by the ASX 200 at this same time.
Here's why the BHP stock looks to be underperforming today.
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What's pressuring the BHP share price today?
With no price-sensitive news out from the big miner, investors look to be hitting the sell button on the back of falling commodity prices.
BHP derives the majority of its revenue from iron ore. And the price of the industrial metal is down 2.3% today, to US$109.15 per tonne.
The ASX 200 mining stock is also getting some headwinds from a slide in copper prices. Copper counts as the second biggest revenue earner for BHP. The red metal is down 2.1% to US$8,390.50, according to data from Bloomberg.
BHP is also listed on several international exchanges. The BHP share price closed down 2.6% on the NYSE on Friday, which often leads to a similar trend on the ASX.
How has the ASX 200 mining stock been tracking?
Despite today's dip, the BHP share price remains up 7% over the past 12 months. That figure doesn't include the $3.92 per share in dividends the company has paid out over this period.
