Russian aluminium giant Rusal and U.S. manufacturer of aluminum alloys Braidy Industries plan to create a joint project to produce flat rolled aluminium products in the United States for the U.S. automotive industry, Rusal said.
The binding documentation for the project — in which Rusal and Braidy Industries will get a 40% and a 60% stake, respectively — is expected to be signed in the second quarter, Rusal said. Both firms plan to approach financial markets for funding of the project. Delivering value added products to the Kentucky mill will also help Rusal's commitment to increase the share of VAP in its sales, the company added.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.
just what President Trump said would happen with his tax bill, industry coming back to the US creating jobs.
what did Mitch McConnell trade Trump for to get this deal ? must have been big to get Steven Mnuchin to drop sanctions and allow aluminum imports from Siberia. Will that be another tariff waiver ?
The Russians are coming !
This explains the tariffs on Canadian prducts...a welcome to Russia
Uh, no.
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