Ospraie Said to Back New Metals Firm Run by Ex-Noble Traders
- Firm called Concord Resources, focusing on non-ferrous metals
- Dwight Anderson, founder of Ospraie, will be the chairman
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Ospraie Management LLC will back a new commodity merchant founded by Noble Group Ltd.’s former global head of metals Mark Hansen, according to people familiar with the matter.
The new firm, called Concord Resources Ltd., will focus on non-ferrous metals, such as copper, zinc, aluminum, nickel and lead, and minerals with offices in London, New York and Hong Kong, according to the people, who asked to not be identified because the information hasn’t been made public. MKS PAMP Group BV is also a founding shareholder of Concord, said Frederic Panizzutti, global head of sales at the Swiss precious metals firm.