Russia's Rusal lands first U.S. investment since sanctions lifted

Rusal is making its first investment in the United States since Washington lifted sanctions against the Russian aluminum giant, teaming up with U.S. manufacturer Braidy Industries to build a mill in Kentucky.

Rusal and aluminum alloys manufacturer Braidy will create a joint project to produce flat-rolled aluminum products for the U.S. automotive industry, the Russian company said on Monday.

“The output from the mill will aid toward rebalancing the anticipated deficit of the auto body sheet in the U.S. market,” Rusal said in a statement.

The binding documentation for the mill in Ashland, Kentucky, which will be 40 percent owned by Rusal and 60 percent by Braidy is expected to be signed by July, Rusal said.

The Russian company intends to invest $200 million in this mill and supply about 2 million tonnes of low-carbon aluminum over 10 years worth about $500 million per year.

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https://www.reuters.com/article/us-russia-rusal-usa-idUSKCN1RR09V

Rick Perry Lays Out Progress Trump Has Made On Energy

U.S. energy is dominating the world, Secretary of Energy Rick Perry noted in a Game of Thrones-themed video the agency published Friday night.

“Innovation has spoken and it has refuted them completely,” Perry said in the video, referring to critics who supposedly say the U.S. is “running out of resources like oil.” He added: “We are not running out of energy.” The former Texas Governor also promoted the use of generation IV nuclear power to help reduce emissions.

“Energy independence used to be a sound bite. Now it’s a reality,” said Perry, who drew a considerable amount of criticism in March after announcing a $3.7 billion in additional federal loans for the primary owners of a nuclear power project in Georgia that has been beset with delays and cost overruns. The Department of Energy video used a Games of Thrones-themed soundtrack overlaid with visuals of Perry touting U.S. energy achievements.

experts believe coal exports will continue to make gains. The U.S. Energy Information Administration (EIA) predicted in 2018 that exports will surge 10 percent above 2017 despite an overall lag in production. Coal exports were up 32 percent in the first half of 2018 compared to the same time the previous year.

https://dailycaller.com/2019/04/14/trump-energy-dominance-coal/