Why these 3 ASX mining shares are crashing today

South32 Ltd (ASX: S32), IGO Ltd (ASX: IGO), and Nickel Mines Ltd (ASX: NIC) share prices are all crashing today.

At the time of writing, South32’s share price is $2.835, down 1.9%. IGO’s share price is currently trading at $6.26, down 3.9%. And Nickel Mines comes in at $1.25, down $4.60. These falls are greater than the S&P/ASX All Ordinaries Index lag of 1.14%.

Nickel Mines has made a slight recovery this afternoon as the company announced it may enter the electric vehicle battery market. Its current share price is $1.265.

Let’s take a closer look at why these ASX mining companies are all tumbling today.

ASX mining shares rise and fall with commodity prices

As previously reported, the share price of ASX mining companies…