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Braidy Industries Attracts Kentucky Backers in Mill Project

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ASHLAND, Ky. (AP) — Braidy Industries says hundreds of Kentuckians have become shareholders as the company lines up financing for a $1.7 billion aluminum mill in eastern Kentucky. The company says it recently completed the “crowdfunding” portion of its common stock offering, which was capped at just over $1 million worth of shares. Braidy CEO… Read More

This Aug. 22, 2018, file photo shows a sign declaring the future home of Braidy Industries' aluminum mill in Ashland, Ky.

Kentucky Aluminum Plant Investor Is Russian Company Formerly Under U.S. Sanctions

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Russian aluminum company Rusal announced Monday it plans to invest in a new Kentucky aluminum mill to be built near Ashland in eastern Kentucky. The $200 million investment in Braidy Industries is Rusal’s first U.S. project since the Trump administration lifted U.S. sanctions placed against the company. Rusal had been sanctioned by the U.S. government because its major controller, Russian… Read More