Attero Invests ₹100 Cr to Secure India's Rare Earth Future

E-waste recycling company Attero will invest ₹100 crore over the next 12–24 months to expand its rare earth element (REE) recycling capacity from 300 tonnes to 30,000 tonnes annually, CEO and Co-Founder Nitin Gupta announced. The move comes in response to growing global demand for rare earth magnets—vital for electronics, EVs, automobiles, and wind energy—especially as India remains heavily dependent on Chinese imports, which have been restricted since April.

“Attero has consistently advocated for India’s self-reliance in critical minerals. We’re proud to be the only Indian company with globally patented deep-tech solutions for REE extraction,” Gupta said. The company will focus on recovering Neodymium (Nd), Praseodymium (Pr), and Dysprosium (Dy) at over 98% efficiency and 99.9% purity using its proprietary, energy-efficient process.

The initiative supports India’s National Critical Mineral Mission, aimed at reducing import dependency through domestic recycling and resource security. In FY25, Attero processed 1.5 lakh tonnes of e-waste and 15,000 tonnes of lithium-ion batteries, with plans to double volumes in FY26. The company also intends to expand operations into Europe and the United States, further strengthening its global footprint.

News by Rahul Yelligetti.