The original company Lambert Metals was formed in 1970 as a subsidiary of a large UK metals processing group initially trading secondary Aluminium, non-ferrous scraps/residues and Minor Metals. The company developed into an autonomous profit centre and in the early 1980's became wholly owned by the senior management who focused activities on Minor Metals and Ferro Alloys. During the 1980's and 1990's it became known as one of the world's leading traders of Minor Metals, particularly Cobalt, Ferro Alloys and Molybdenum, but after a major reorganisation in 1998 the company took the decision to concentrate solely on the Minor Metals which have always been its strength and for which it is rightly renowned worldwide. Lambert Metals are founder members of the Minor Metal Trade Association (MMTA) and throughout the company's more than 40 years existence several members of Lambert's team have served on the various committees of the MMTA, none more so than its former Managing Director, Howard Masters, who served as the association's Chairman for 14 years. Lambert Metals International Limited remains a private independent company headquartered in London, UK, and continues to be owned by the management.