Western governments' critical minerals push raises fears of aluminum oversupply

Western governments are investing billions of dollars into critical minerals and strategic metals as they try to reduce dependence on China, but industry leaders are warning that the push could recreate the kind of commodity oversupply crises that once flooded global aluminium and other markets.

Executives, investors and analysts say the race to secure supply chains for minerals used in electric vehicles, semiconductors, defence systems and renewable energy technologies carries the risk of creating far more production than global markets actually need. Brett Beatty, a partner at Resource Capital Funds, which supplies the US government