Attero, an Indian leader in e-waste and lithium-ion battery recycling, has announced an ambitious plan to scale its rare earth element (REE) recycling capacity from 300 tonnes to 30,000 tonnes per year within the next 12 to 24 months. The expansion will be driven by a ₹100 crore investment and is aligned with the Government of India’s National Critical Mineral Mission (NCMM), which aims to reduce reliance on imports and fortify domestic supply chains for vital minerals.
Rare earth elements, such as Neodymium (Nd), Praseodymium (Pr), and Dysprosium (Dy), are critical to industries like electric vehicles, wind energy, and consumer electronics. As the global REE market is projected to grow to USD 10.9 billion by 2029 and the REE magnet market is expected to exceed USD 30.3 billion by 2033, there is increasing emphasis on strengthening domestic recycling capabilities.
Nitin Gupta, CEO and Co-founder of Attero, shared, “Our patented technology allows us to recover rare earth elements from e-waste with over 98% efficiency and 99.9% purity. This expansion will enable us to scale up from handling 1 tonne per day to 100 tonnes daily, reaching a total of 30,000 tonnes annually.”
Attero’s proprietary technology extracts REEs from electronic products like hard drives, laptops, and earphones, which contain high concentrations of valuable elements such as Nd, Pr, Ce, Gd, and Dy. In addition to rare earths, Attero also recycles black mass from used lithium-ion batteries to recover high-purity materials including lithium, cobalt, nickel, and manganese.
The company holds over 46 global patents, with recent grants in India, China, Taiwan, and several Middle Eastern nations. In FY25, Attero processed more than 150,000 tonnes of e-waste and 15,000 tonnes of lithium-ion batteries, with plans for further growth. The company is also expanding its operations to Europe and the US, aiming to reach 415,000 tonnes of e-waste and 50,000 tonnes of battery recycling capacity annually.
Attero is a leading Indian electronic waste (e-waste) recycling and metal extraction company, known for its innovative and sustainable approach to managing electronic waste. Founded in 2008, Attero focuses on recovering valuable materials such as gold, silver, copper, and rare earth elements from discarded electronics, using environmentally friendly and efficient processes.
The company leverages proprietary technology to ensure maximum material recovery while minimizing environmental impact, positioning itself as a key player in the circular economy. With its advanced recycling facilities and growing global footprint, Attero plays a crucial role in addressing the mounting challenge of e-waste and promoting responsible consumption and production practices.
