Copper miners drop as red metal slips on fading hopes of quick end to Iran war

Shares of copper miners fall, tracking lower prices of the red metal MET/L

Benchmark three-month copper CMCU3 on London Metal Exchange down 1.6% at $12,235.50 per metric ton

Copper prices fall for the first time in five sessions on renewed investor concerns over economic growth after U.S. President Donald Trump vowed more strikes on Iran and gave no specific timeline to end the Middle East conflict

U.S.-listed shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N each falls 1.7%

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N down 2.7% and 1.5%, respectively

Canada's Hudbay Minerals HBM.TO slides 4.9%, Ero Copper ERO.TO down 3.5% and Teck Resources TECKb.TO falls 4.5%