BUZZ-Shares of North American copper miners rise on Trump tariff threats

Updates

Shares of copper miners in North America rise after President Donald Trump moved closer to imposing tariffs on imports of the red metal

Most active May copper futures on the U.S. Comex HGc4 exchange rose 3.1% to $4.67 a lb, having touched an 8-1/2-month peak on February 13

Comex contract outperformed three-month copper on the London Metal Exchange CMCU3, which gained 1.1% to $9,506 a metric ton in official open outcry trading; premium of Comex copper over the LME jumped to $801 per ton from $580 a day earlier

*U.S. industrial sector will have the most to lose from potential U.S. tariffs on copper, analysts say, with costs seen rising significantly during what would be a lengthy process of reviving domestic mining and refining of the metal

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 2.1% and 4%, respectively

Canadian miners Hudbay Minerals HBM.TO up 4.2%, Teck Resources TECKb.TO rises ~1.3% and First Quantum FM.TO gains 2.2%