mo4ch:>Russia’s aluminum giant RUSAL makes first US investment since sanctions lifted | Mo4ch News
Russian aluminum major RUSAL said it is teaming up with US manufacturer Braidy Industries to build a mill in Kentucky. It will invest $200 million and assume a 40 percent ownership stake in the mill in return.Braidy would hold the other 60 percent share in the plant, which will produce aluminum sheet primarily for the transportation industry, including the automotive, aerospace and marine sectors.The plant is to be built not far from where Ohio, Kentucky and West Virginia meet on the Ohio River. It will have an annual capacity of 500,000 tons of hot-rolled band and 300,000 tons of finished cold-rolled products.Also on rt.comRussian aluminum giant RUSAL resumes supplies to US & Europe“The output from the mill will aid toward rebalancing the anticipated deficit of the auto body sheet in the US market,” RUSAL said in a statement.It noted that the Braidy Atlas project will have the lowest CO2 emissions facility for end-to-end manufacturing in North America. “It will be the world’s lar…