Attero Announces INR 100 Cr Expansion to Scale Rare Earth Recycling
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.
June 20, 2025. By News Bureau
This expansion directly supports the National Critical Mineral Mission (NCMM), launched by the Government of India in 2025 to reduce import dependence and promote self-reliance in critical mineral supply chains.
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 USD 10.9 billion by 2029 at a CAGR of 12.6 percent, and REE magnets expected to exceed USD 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 percent efficiency and 99.9 percent purity. The current global environment only reinforces the urgency of building domestic infrastructure. 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 and explore further expansion as demand accelerates. We plan to invest INR 100 crore towards this expansion,” said Nitin Gupta, CEO and Co-founder of Attero.
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; components 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 traditional mining.
Attero also remains the only Indian company with the ability to refine black mass, a critical output from used lithium-ion batteries, into high-purity materials including lithium, cobalt, nickel, and manganese, reinforcing its position as a leader in the circular economy for critical metals.
The company currently holds over 46 global patents, including recent grants in the rare earth space across key international markets: India (202411030553), Oman (OM/P/2025/265), Qatar (QA/202504/0000282), Saudi Arabia (SA 1020252385), Kuwait (2025/003091), UAE (P2025-01121), Bahrain (20250105), China (202510477269.7), and Taiwan (114114215). These patents reinforce Attero’s global leadership in sustainable urban mining and critical mineral recovery.
The Government of India launched the National Critical Mineral Mission to build a strong foundation for self-reliance in the critical mineral sector. As part of this initiative, recycling has been recognized as a key strategy to secure domestic supply chains and reduce dependence on imports. Attero’s advanced capabilities align with this national objective, offering a scalable pathway to self-reliance in rare earths and other critical metals.
In FY25, the company processed over 150,000 tonnes of e-waste and 15,000 tonnes of lithium-ion batteries annually and targeting a Y-o-Y growth of 100 percent.
Internationally, Attero has plans to expand its footprint in Europe and US. The company aims to ramp up its annual e-waste processing to 415,000 tonnes and battery recycling to 50,000 tonnes, expanding its global capacity and furthering India’s leadership in critical mineral recycling.
please contact: contact@energetica-india.net.
Shilpy Dewan
VP – Markets, Operations & Digital
Digital Innovation and Storage will Drive India’s Green Future: Serentica’s Shilpy Dewan
Er. Neha Sakka
Electrical Engineer
She Matters: Women Remain Severely Underrepresented in EV and Green Workforces
Satish Talmale
CEO
India is Well-placed to Become a Global Leader in Energy Storage: EnerGrid CEO Satish Talmale
Anand Sri Ganesh, CEO, NSRCEL
Sapna Bhawnani
Alstom and NSRCEL on Empowering the Green Mobility Disruptors
Vasudha Madhavan
Founder & CEO
She Matters: Targeted Training and Mentorship Can Propel Women’s Careers in Energy