A large aluminum producer recently announced a large investment in a new rolling plant in Ashland, Kentucky.
Braidy Industries, Inc. (Braidy) and Rusal jointly announced the approval by their respective Boards of Directors for Rusal to invest $200 million in Braidy Atlas mill. The companies estimate that it has been more than three decades since a greenfield aluminum rolling mill like Braidy was built in the U.S. The deal is expected to close in the second quarter of 2019.
“This is a sustainability match made in heaven for the global aluminum industry,” said Craig Bouchard, Braidy Industries Chairman and CEO.
Rusal intends to supply 200,000 tons of certified low-carbon prime aluminum ingot and slabs each year for a 10-year period, allowing Braidy to target lower carbon emissions.
Braidy is dependent on long-term supplies of high-quality, low-carbon aluminum, which is rarely supplied in the high quantity required for their production. If met, this order would be one of the world’s largest for one mill of high-quality, pre-alloyed and low-carbon primary aluminum slabs.
