Russia's Rusal, Braidy Industries to construct aluminum rolling mill in US

WORLD NEWS


Andrey Rudakov | Bloomberg | Getty Images 

A worker loads a liquid electrolyte into the electrolysis bath at the Krasnoyarsk aluminum smelter, operated by United Co. Rusal, in Krasnoyarsk, Russia.

Rusal plans to supply aluminium slab alloys and primary metal for the new mill from its new Taishet aluminium smelter that is currently under construction in Siberia. Rusal previously planned to launch the Taishet in late 2020.

Delivering value added products (VAP) to the Kentucky mill will also help Rusal’s commitment to increase the share of VAP in its sales, the company added.

Its 2018 VAP sales were challenged by short extensions to the deadline for U.S. sanctions.

The United States imposed sanctions on the company and its co-owner Oleg Deripaska in April of 2018. Sanctions against Rusal and En+ were lifted in January as Deripaska reduced his stake in Rusal via its parent company En+ after months of talks and several extensions of the deadline for sanctions to take full effect.

Demand for flat rolled aluminium products in North America is expected to continue to grow with higher pace than in other parts of the world — especially in the automotive sector — due to fuel economy regulation which stimulates the use of aluminium-based components, Rusal said.

“The joint project with Braidy Industries is an excellent opportunity for Rusal to expand the Company’s diverse expertise in one of the key areas of aluminium downstream products. It will also reinforce the Company’s presence on the strategic market,” it added.



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