New Delhi, June 19 || E-waste recycling company Attero on Thursday announced a significant scale-up of its rare earth element (REE) recycling capacity to 30,000 tonnes from 300 tonnes over the next 12 to 24 months by investing Rs 100 crore.
This expansion directly supports the National Critical Mineral Mission (NCMM), launched by the government in 2025 to reduce import dependence and promote self-reliance in critical mineral supply chains, said the world’s most advanced recycler of lithium-ion batteries in a statement.
Rare earth metals such as Neodymium (Nd), Praseodymium (Pr), and Dysprosium (Dy) are essential to key sectors including electric vehicles, wind energy, and consumer electronics.
With the global REE market projected to reach $10.9 billion by 2029 at a CAGR of 12.6 per cent, and REE magnets expected to exceed $30.3 billion by 2033, building indigenous recycling and extraction capabilities is now a national priority.
“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. 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 per cent purity,” said Nitin Gupta, CEO and Co-founder of Attero.
The current global environment only reinforces the urgency of building domestic infrastructure.