+
Attero to Invest Rs 1 Bn to Boost Rare Earth Recycling
WATER & WASTE

Attero to Invest Rs 1 Bn to Boost Rare Earth Recycling

E-waste recycling company Attero has announced plans to invest Rs 1 billion to increase its rare earth element (REE) recycling capacity from 300 tonnes to 30,000 tonnes annually over the next 12 to 24 months. The move comes amid tightening global supply and India’s push for critical mineral self-reliance following China’s recent export restrictions on rare earths.

“Attero is ready to scale its rare earth recycling capability from one to 100 tonnes per day, reaching 30,000 tonnes annually,” said Nitin Gupta, CEO and Co-Founder. The investment will support extraction of key rare earth elements such as Neodymium (Nd), Praseodymium (Pr), and Dysprosium (Dy), with over 98 per cent efficiency and 99.9 per cent purity—crucial for electric vehicles, wind energy, and consumer electronics.

Attero remains India’s only company with proven deep-tech and globally patented processes to refine black mass and recover REEs. Gupta emphasised the urgency of building domestic infrastructure to counter China’s dominance in critical mineral supply chains.

The company’s expansion aligns with the Government of India’s National Critical Mineral Mission (NCMM), launched in January to secure domestic supply and reduce import dependence. Recycling plays a key role in this mission.

The global rare earth market is projected to reach USD 10.9 billion by 2029, with REE magnets expected to cross USD 30.3 billion by 2033, according to estimates shared by Attero. The company holds over 46 global patents, with recent grants in key markets including India, China, Taiwan, Oman, Qatar, Saudi Arabia, UAE, Bahrain, and Kuwait.

Attero’s patented technology allows for efficient REE extraction from end-of-life electronics such as laptops, hard drives, earphones, and neckbands—components rich in Nd, Pr, Ce, Gd, and Dy. Its process is energy-efficient, cost-effective, and significantly lowers emissions compared to conventional mining.

In FY25, Attero processed over 150,000 tonnes of e-waste and 15,000 tonnes of lithium-ion batteries, and is targeting 100 per cent year-on-year growth. The company aims to ramp up e-waste recycling to 415,000 tonnes and battery recycling to 50,000 tonnes annually. Expansion into Europe and the US is also planned to strengthen its global footprint and position India as a leader in critical mineral recycling.

E-waste recycling company Attero has announced plans to invest Rs 1 billion to increase its rare earth element (REE) recycling capacity from 300 tonnes to 30,000 tonnes annually over the next 12 to 24 months. The move comes amid tightening global supply and India’s push for critical mineral self-reliance following China’s recent export restrictions on rare earths.“Attero is ready to scale its rare earth recycling capability from one to 100 tonnes per day, reaching 30,000 tonnes annually,” said Nitin Gupta, CEO and Co-Founder. The investment will support extraction of key rare earth elements such as Neodymium (Nd), Praseodymium (Pr), and Dysprosium (Dy), with over 98 per cent efficiency and 99.9 per cent purity—crucial for electric vehicles, wind energy, and consumer electronics.Attero remains India’s only company with proven deep-tech and globally patented processes to refine black mass and recover REEs. Gupta emphasised the urgency of building domestic infrastructure to counter China’s dominance in critical mineral supply chains.The company’s expansion aligns with the Government of India’s National Critical Mineral Mission (NCMM), launched in January to secure domestic supply and reduce import dependence. Recycling plays a key role in this mission.The global rare earth market is projected to reach USD 10.9 billion by 2029, with REE magnets expected to cross USD 30.3 billion by 2033, according to estimates shared by Attero. The company holds over 46 global patents, with recent grants in key markets including India, China, Taiwan, Oman, Qatar, Saudi Arabia, UAE, Bahrain, and Kuwait.Attero’s patented technology allows for efficient REE extraction from end-of-life electronics such as laptops, hard drives, earphones, and neckbands—components rich in Nd, Pr, Ce, Gd, and Dy. Its process is energy-efficient, cost-effective, and significantly lowers emissions compared to conventional mining.In FY25, Attero processed over 150,000 tonnes of e-waste and 15,000 tonnes of lithium-ion batteries, and is targeting 100 per cent year-on-year growth. The company aims to ramp up e-waste recycling to 415,000 tonnes and battery recycling to 50,000 tonnes annually. Expansion into Europe and the US is also planned to strengthen its global footprint and position India as a leader in critical mineral recycling.

Next Story
Infrastructure Energy

Rajasthan Becomes Leading Hub for Decentralized Solar Power

Rajasthan is quickly emerging as a leading centre for decentralized solar energy in India, complementing its broader progress in the solar power sector. This development was recently highlighted by Arti Dogra, Chairman of the state's power distribution companies (DISCOMs), who pointed to the state's consistent advancements in renewable energy.Dogra noted that Rajasthan had made remarkable strides in decentralized solar power over the past year. She attributed this progress to the effective on-ground implementation of the Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan (Kusum Yojana),..

Next Story
Infrastructure Energy

Rajasthan Becomes Leading Hub for Decentralized Solar Power

Rajasthan is quickly emerging as a leading centre for decentralized solar energy in India, complementing its broader progress in the solar power sector. This development was recently highlighted by Arti Dogra, Chairman of the state's power distribution companies (DISCOMs), who pointed to the state's consistent advancements in renewable energy.Dogra noted that Rajasthan had made remarkable strides in decentralized solar power over the past year. She attributed this progress to the effective on-ground implementation of the Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan (Kusum Yojana),..

Next Story
Infrastructure Energy

Serentica Commissions 180 MW Hybrid Project to Power Zinc Major

Serentica Renewables recently announced the commissioning of a 180 MW solar-wind hybrid project in Bikaner, Rajasthan, marking a key milestone in its goal of delivering round-the-clock renewable energy. Spanning over 1,200 acres, the project is designed to supply clean power to one of the world’s leading zinc producers. This development is seen as a major advancement in the ongoing efforts to decarbonise heavy industries.The company highlighted the environmental significance of the initiative, noting that it is expected to lead to a significant reduction in carbon dioxide emissions. Accordin..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?