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Note: New name - APW advisor establishes Guernsey-based company to trade on LME
Gavin Sanderson has set up a company called Cobalt Trading Ltd (CTL) to buy and sell cobalt on the London Metal Exchange, he told MB as he confirmed the APW Trust owns trading company SFP Metals.
APW, to which Sanderson is a long-term advisor, is a family trust linked to the brothers Rami Weisfisch and Amir Weissfisch (the two men spell their surname differently), who have made very large sums of money trading cobalt in the past.
APW is the ultimate owner of London-based cobalt trading company SFP Metals, Sanderson told MB in an email.
"I set up CTL in January 2010 and it has two main business activities at present: firstly to trade cobalt on the LME," he said.
"Secondly CTL provides consultancy advice to the APW Trust [...] a Bahamas trust which owns SFP Metals, SA, the parent company of SFP Metals (UK) Ltd," Sanderson said.
"I...