Attero, an e-waste recycling company, is set to invest ₹100 crore over the next 12 to 24 months to significantly scale up its rare earth element (REE) recycling capacity—from 300 tons to 30,000 tons annually. The expansion comes in response to surging demand for rare earth magnets, which are essential in high-growth sectors such as electronics, electric vehicles (EVs), wind energy, and automobiles.
Reducing Dependency on Chinese Imports
India, like much of the world, is heavily dependent on China for critical rare earth materials. This dependence has come under renewed scrutiny since China imposed export restrictions in April 2025. Attero’s move aims to strengthen India’s self-reliance in these strategic minerals and align with national efforts to localize supply chains.
Patented Technology with High Efficiency
“Attero has consistently advocated for India’s self-reliance in critical minerals. We are proud to be the only Indian company with proven deep-tech and globally patented processes,” said Nitin Gupta, CEO and Co-Founder of Attero. The company will focus on extracting key elements such as Neodymium (Nd), Praseodymium (Pr), and Dysprosium (Dy) with over 98% extraction efficiency and 99.9% purity—achieved using Attero’s patented, energy-efficient recycling technology.
Aligned with National Critical Mineral Mission
The expansion supports the government’s National Critical Mineral Mission, which emphasizes domestic recycling as a strategic pathway to reduce import dependency. By building domestic processing capabilities, Attero is helping drive India’s transition to a circular, resource-secure economy.
Strong Operational Momentum and Global Expansion Plans
In FY25, Attero processed 1.5 lakh tons of e-waste and 15,000 tons of lithium-ion batteries. With its rare earth recycling expansion, the company aims to double its overall recycling volumes next year. As reported by projectstoday.com, Attero also has its sights set on international growth, with plans to expand operations into Europe and the United States—positioning itself as a global leader in sustainable recycling solutions.
