S&P/ASX 200 Index (ASX: XJO) shares are down 0.67% to 8,627.9 points on Friday.
Among the 11 market sectors, the beaten-up healthcare sector is in the lead today, up 3.1%, while materials is the laggard, down 2.1%.
The materials sector is dominated by ASX 200 mining shares, which are falling on fears of lower iron ore export earnings.
However, the long-term outlook for mining remains positive. Experts say a new commodities super cycle is underway.
However, iron ore is unlikely to outperform in this next mining boom for Australia, given softening demand from China.
Let’s take a look at three ASX 200 mining shares with buy ratings from the experts.
Rio Tinto Ltd (ASX: RIO)
The Rio Tinto share price is $185.50, down 1.4% on Friday and up 33% over the past six months.
Rio Tinto and other ASX 200 iron ore mining shares have experienced heavy two-day falls on news of ramped-up production at Simandou.
Production began six months ago at the African iron ore project, which is the world’s largest undeveloped high-grade iron ore deposit.
While the new production is beneficial for Rio Tinto, the extra supply is negatively affecting the global iron ore price.
The commodity slipped below US$102 per tonne today, and has fallen 6.5% this week.
JP Morgan renewed its buy rating on Rio Tinto shares on Tuesday.
The broker lifted its 12-month price target from $203 to $207.
This suggests a potential 12% upside ahead.
PLS Group Ltd (ASX: PLS)
The PLS Group share price is $5.97, down 2.8% on Friday.
Over the past six months, this ASX 200 lithium share has ripped 57%.
RBC Capital renewed its buy rating on PLS Group shares this week.
The broker raised its price target from $5.40 to $7.
This suggests a potential 18% upside ahead.
Formerly known as Pilbara Minerals, the stock hit a record $6.81 on Monday.
Lithium prices are rebounding strongly in 2026. The carbonate price is up 42% year to date and 179% year over year.
Newmont Corporation CDI (ASX: NEM)
The Newmont share price is $149.01, down 1% on Friday.
Over the past month, this ASX 200 gold share has dipped 2.4%.
UBS assigned a buy rating to Newmont shares with a $195 target on Monday.
This suggests a potential 31% upside ahead.
Gold has been on an amazing multi-year run, but growth in the gold price stalled this year.
Find out why the gold price has fallen 17% since the Iran war began.
The post 3 ASX 200 mining shares to buy: experts appeared first on The Motley Fool Australia.
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More reading
- Why CBA, PLS, Resolute Mining, and Silver Mines shares are dropping today
- Buy, hold, sell: IPD, Kogan, Rio Tinto shares
- 5 things to watch on the ASX 200 on Friday
- 3 ASX 200 shares reporting major insider buying and selling
- Forget Newmont, this ASX gold stock could rise 50%
JPMorgan Chase is an advertising partner of Motley Fool Money. Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended JPMorgan Chase. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.