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    In 2010, the London Metal Exchange celebrates 133years since its founding in 1877.

    LME developing two streams of organic growth from non-ferrous into ferrous metals and from Futures into OTC

    trading.

    The London Metal Exchange Limited has up to 13 directors -comprising up to two invited directorswith substantialexperience of the metals industry and trade, up to three

    independent directors

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    The London Metal Exchange (LME) is the world's premier non-ferrous metalsmarket. The LME offers futures and options contracts for six primary metals:

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    One of the most important functions of the LME is to discoverwhat the price of materialswill be months and years ahead

    The second function of the London Metal Exchange is to

    provide hedging against fluctuations in metal prices. Hedgingis an investment that is made in order to reduce risk for

    another investment

    Thirdly, while the LME never deals directly with the metals,Once a contact is agreed upon the metals must be

    transferred into a LME approved warehouse until the timeof the final transaction.

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    Trade is conducted in lots rather than tonnes, with each lot ofaluminium,copper, lead and zinc amounting to 25 tonnes.

    Nickel is traded in 6 tonne lots,

    tin in 5 tonnes

    aluminium alloy and NASAAC in 20 tonne lots

    Colbalt is traded in 1 tonne lotswhile Molybdenum is traded in 6 tonnes

    steel is traded in 65 tonne lots.

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    The only organizations allowed to trade on the London MetalExchange are member firms. The members provide the physical

    industry with access to the market. Membership is on a corporatebasis and through elections by the LME's board of directors.

    Broker members are those companies allowed to issue LMEcontracts (buying or selling on behalf of their customers) and trade

    members are industrial or financial companieswho take out anLME membership primarily in order to be kept informed of the

    strategic development of the exchange. There are 80 major firmsinvolved in the LME.

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    The LME is a 24-hour market with trading taking place throughan inter-office telephone market

    All LME prices are quoted in US Dollars, but the LME permits contracts insterling,Japanese yen, and Euros and provides official exchange rates from

    US Dollars for each of them.

    The LME is a highly liquid market and in 2009 achieved volumes of $7.41trillion annually and $29 billion on an average business day.

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    The LME scholarships programme gives talented people with limitedfinancial means the opportunity to study at top mining schools globally.

    PhD Scholarship:

    The LME and Camborne School of Mines are creating CSMs first fully fundedPhD scholarship to be awarded on the basis of both academic merit and

    financial need.

    Undergraduate scholarships:

    The LME and Wits are creating a series of scholarships for undergraduatesstudying Mining Engineering.

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