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1.      1877年LME成立时，英国仍是一个制造业大国。LME的三个月交割基准合约，就是为了反映将智利的铜（或马来亚的锡）运至英国港口所需的时间。

In 1877 when LME was established, Britain was a giant in manufacturing. The three-month closing period reflects the time needed for transporting copper from Chile or tin from Malaysia to British ports.