Copper miners fall as Trump's comment on China sparks trade war fears

Shares of copper miners fall, tracking prices of the red metal

Benchmark three-month copper CMCU3 on the London Metal Exchange down 3.8% at $10,450 a metric ton

Prices fall after U.S. President Donald Trump said Washington was calculating a massive increase in tariffs on Chinese imports, inflating fears of a trade war between the world's two largest economies

U.S.-listed shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N slump 1.5% and 2.8%, respectively

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N down 2.8% and 4.1%, respectively

Canadian miners Teck Resources TECKb.TO slips 3.4%, Ero Copper ERO.TO down 4.7, Hudbay Minerals HBM.TO falls ~2% and First Quantum Minerals FM.TO dips ~1%