Attero will invest INR 100 crore to expand its rare earth element (REE) recycling capacity from the current 300 tonnes to 30,000 tonnes annually over the next 12 to 24 months.
Attero, India’s largest e-waste recycling company and advanced technology driven lithium-ion battery recycler, has announced it will invest INR 100 crore to scale up its rare earth element (REE) recycling capacity from the current 300 tonnes to 30,000 tonnes annually over the next 12 to 24 months.
The company said this strategic move directly supports the Government of India’s National Critical Mineral Mission (NCMM), under which recycling is recognized as a key strategy to strengthen domestic supply chains and reduce reliance on critical mineral imports.
Rare earth metals such as neodymium (Nd), praseodymium (Pr), and dysprosium (Dy) are vital for sectors like electric vehicles, wind energy, and consumer electronics. With the global REE market expected to reach $10.9 billion by 2029 (with a CAGR of 12.6%), and the REE magnet market projected to surpass $30.3 billion by 2033, building indigenous recycling and extraction capabilities has become a national priority.
“Attero has consistently advocated for India’s self-reliance in critical minerals to reduce import dependence and counter China’s dominance in rare earth supply chains. 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% efficiency and 99.9% purity,” said Nitin Gupta, CEO and Co-founder of Attero.
“The current global environment only reinforces the urgency of building domestic infrastructure. With our technological leadership, we are prepared to scale our REE recycling capacity from 1 to 100 tonnes per day—reaching 30,000 tonnes annually—and explore further expansion as demand grows. We plan to invest INR 100 crore toward this expansion.”
Attero’s patented technology enables the extraction of REEs from e-waste and end-of-life electronics such as hard disk drives, laptops, neckbands, and earphones that contain high concentrations of Nd, Pr, Ce, Gd, and Dy. The process is energy-efficient, cost-effective, and significantly reduces greenhouse gas emissions compared to conventional mining.
Additionally, Attero has the capability to refine black mass—a crucial output from used lithium-ion batteries—into high-purity materials including lithium, cobalt, nickel, and manganese.
The company currently holds more than 46 global patents, including recent grants in the rare earth domain across key international markets India, Oman, Qatar, Saudi Arabia, Kuwait, UAE, Bahrain, China, and Taiwan.
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