I think an aluminium plant should be build in Greece because firstly, it will help the employment rate because in Australia in 1995 over 6000 people were directly employed into aluminium smelting so it will create jobs in the area of the plant.
The plant will also be good for Greece’s economy because in 1993-4 Australia’s six aluminium smelting plants generated 1.38 millions tonnes of aluminium. 1.05 million tonnes of that aluminium was exported to Japan, USA, Britain and France, that is about 75% of the total production which is valued at about $1.8 billion. This would bring in a lot of money to Greece.
It is predicted that the worlds Aluminium consumption will grow to over 30 million tonnes by 2006. Global demand for aluminium fell by 4 percent in 2001, the first decline in demand since 1993. The industry itself did not rise, but it remained at its 2000 level of 24.5 million tonnes. Economic recovery is now in progress, but there is uncertainty as to whether this will be slow or stuttering.
Most of the expansion to the industry will take place in China. China added 450,000 tonnes of aluminium to world’s capacity in 2001. One important project adds 80,000 tonnes per year of capacity as a result of upgrading and expanding technology.
In each of 2002 and 2003, the net increase in annual world smelter capacity is projected to be close to 0.9 million tonnes. Almost half of this will be built in China. These increases could keep production running ahead of demand in the short term, and stocks would then rise to uncomfortable levels.
The aluminium industry is going up and more money is coming into it so I think it would be good to make a plant in Greece because it would bring money into the country and boost employment.