Economics
With Sanctions Lifted, Rusal to Invest in U.S. Aluminum Mill
- U.S. firm Braidy commits to buy all its aluminum from Rusal
- Braidy, whose CEO backed U.S. metal tariffs, will pay 10% levy
A Rusal logo stamp sits on an aluminum ingot awaiting shipment.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Just months after being freed from U.S. sanctions, Russia’s largest aluminum maker plans to invest in a new aluminum rolling mill in Kentucky.
United Co. Rusal, controlled by billionaire Oleg Deripaska until the U.S. Treasury forced him to reduce his stake earlier this year, intends to invest up to $200 million in the plant being built by closely held Braidy Industries. Rusal will also supply the mill with unfinished aluminum from plants in Siberia.