Attero to invest ₹100 cr to expand rare earth recycling capacity to 30,000 tonnes
, India's largest
e-waste recycling
company, has announced plans to scale up its rare earth element (REE) recycling capacity from 300 tonnes to 30,000 tonnes annually over the next 12 to 24 months. The expansion will involve an investment of ₹100 crore and supports the Union government's recently launched
National Critical Mineral Mission
(NCMM), which aims to reduce import dependence and strengthen domestic supply chains. The announcement assumes significance in the face of curbs imposed by China on exports of rare earth magnets.
Rare earth elements such as Neodymium (Nd), Praseodymium (Pr), and Dysprosium (Dy) are vital for sectors including electric mobility, wind energy, and electronics. With the global
REE market
expected to reach $10.9 billion by 2029 and REE magnets forecasted to exceed $30.3 billion by 2033, India has identified recycling and extraction of these materials as a key strategic priority.
Technology-led expansion
'Attero has consistently advocated for India's self-reliance in critical minerals to reduce dependence on imports and counter China's dominance in rare earth supply chains,' said Nitin Gupta, CEO and Co-founder of Attero.
'We are proud to be the only Indian company with proven deep-tech and globally patented processes to refine black mass and recover rare earth elements with over 98 per cent efficiency and 99.9 pe purity. With our existing capability and technology leadership, we are ready to scale our REE recycling capacity from 1 to 100 tonnes per day to reach a total of 30,000 tonnes annually. We plan to invest ₹100 crore towards this expansion,' he added.
Attero uses a proprietary process to extract REEs from e-waste and end-of-life electronics such as hard disk drives, laptops, neckbands, and earphones, which contain high concentrations of Nd, Pr, Ce, Gd, and Dy. The company states that the method is more energy-efficient and produces lower
greenhouse gas emissions
than traditional mining processes.
In FY25, Attero processed over 150,000 tonnes of e-waste and 15,000 tonnes of
lithium-ion batteries
. It targets 100 per cent year-on-year growth and aims to increase e-waste processing capacity to 415,000 tonnes and battery recycling to 50,000 tonnes annually.
International patents and global expansion plans
Attero holds over 46 patents globally, including recent grants related to rare earth recovery in India, Oman, Qatar, Saudi Arabia, Kuwait, UAE, Bahrain, China, and Taiwan. These patents support the company's international expansion strategy, with future operations planned in Europe and the United States.
The National Critical Mineral Mission recognises recycling as a central strategy to secure critical mineral supply chains. Attero's expanded capabilities align with this policy framework, offering a domestic pathway to reduce reliance on imports and enhance India's position in global critical mineral recovery.
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