Braidy Industries

engineering.com

The company that’s planning to build an aluminum mill in northeastern Kentucky is seeking new investors to help it complete construction of the massive project.

WDRB in Louisville reports Braidy Industries hasn’t been able to raise anywhere close to the $1.6 billion dollars it needs to complete construction on the project.

Documents filed this week with the U.S. Securities and Exchange Commission show Braidy is looking to raise at least $400 million through a new round of stock sales.

J. Tyler Franklin

This week in Kentucky politics, Gov. Matt Bevin said he’s partnering with a former Democratic congressman to help people navigate the state’s new Medicaid rules. We found out that lobbyists set a new spending record at the state legislature as lawmakers made changes to the tax code. Plus, a state-funded aluminum mill broke ground in northeastern Kentucky and  Bevin asked for a judge to recuse himself from the lawsuit over the new pension bill.


Becca Schimmel

The Ohio Valley was once synonymous with steel. Even after the industry’s sharp decline the region is still home to many industries that produce or use steel and aluminum. Those industries are closely watching what the Trump administration will do on steel and aluminum imports.

The Department of Commerce has suggested a massive 24 percent global tariff on those imports. As a candidate, Donald Trump promised to apply tariffs. Now, it’s unclear if President Trump will follow through.