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1571: The origins of the London Metal Exchange (LME) dates back to the opening of the Royal Exchange, London, during the reign of Queen Elizabeth I, when traders in a range of products began to meet on a regular basis.

19th century:Beginning of the 19th century, there are so many traders products to the Royal Exchange it becomes impossible to do business. Individual groups of traders settled in vicinity of the town of coffee houses.

Jerusalem, coffee house becomes a favorite metalworking trade community, where "the tradition of the ring" was born. A trader with metal sell draws a circle in the sawdust on the floor and calls "Change!" to the point where those wishing to trade would be assembled around the circle and make their bids.

1869: Opening of the Suez canal reduces the delay in delivery of Tin Malaysia and Singapore to match the delay in delivery of three months for the Chile copper. This gives rise to unique system of daily trading dates up to three months before LME still exists today.

1877: Form of merchants metals in London and Mining Company move their premises first on the Lombard Court Hat shop. The London Metal Exchange was born. Membership is growing rapidly and quickly move to a purpose built Exchange Whittington Avenue. The Exchange moves to its current home in Leadenhall Street in 1994.

2000:An index based on six primary metals traded on the exchange contract is introduced. It is specifically designed to provide access of investors to contracts futures and options traded contracts on non-ferrous metals without additional costs involved.

Today: LME trades equivalent to 7.41 trillion dollars annually, and $29bn on an average business day. More than his company 95pc comes from overseas.

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