Latest Aluminum mining and refining News

FILE - In a Wednesday, April 26, 2017 file photo, Braidy Industries Inc. CEO Craig Bouchard, right, and Republican Gov. Matt Bevin speak with reporters in Wurtland, Ky. Bouchard claims the defendants breached their obligations under a company voting agreement after refusing his efforts to remove four executives from Braidy's board. Bouchard was removed as CEO in a management shakeup in January 2020. He filed suit on Friday, Feb. 14, in Delaware. (AP Photo/Adam Beam, File)

Former CEO sues Braidy Industries over his ouster

Feb. 18, 2020 8:19 PM EST

FRANKFORT, Ky. (AP) — The founder of an aluminum company planning to build a $1.7 billion plant in Appalachia has sued Braidy Industries Inc. and several of its stockholders in fighting back against his ouster as CEO. In his lawsuit, Craig Bouchard claims several defendants breached their obligations under...

Executive: Kentucky aluminum plant project still needs $500M

Feb. 11, 2020 5:32 PM EST

FRANKFORT, Ky. (AP) — A company that promised a $1.7 billion aluminum plant in Appalachia still needs a $500 million cash infusion to do the job, the new CEO told Kentucky lawmakers Tuesday, following a corporate management shakeup. Braidy Industries officials appeared before the Senate Appropriations and...

FILE - In this April 26, 2107 file photo, Braidy Industries Inc. CEO Craig Bouchard, right, and Republican Gov. Matt Bevin speak with reporters in Wurtland, Ky. Braidy Industries said Thursday, Jan. 30, 2020,  that its chairman and CEO, Craig Bouchard, would step down from that role but would remain a member of the company's board of directors. The company offered no reason for the change, which comes at a crucial time for efforts to build the mill near Ashland. (AP Photo/Adam Beam, File)

Kentucky lawmakers want to hear from Braidy Industries

Feb. 4, 2020 7:07 PM EST

FRANKFORT, Ky. (AP) — Kentucky lawmakers want to hear from an aluminum company embroiled in a management shakeup as it tries to complete financing for a long-promised $1.7 billion plant in Appalachia. Sen. Chris McDaniel, chairman of the Senate Appropriations and Revenue Committee, said Tuesday that he...