New Delhi, 19 June (IANS). E-waste recycling company Etero on Thursday announced to increase its rare economy (REE) recycling capacity from 300 tonnes to 30,000 tonnes in the next 12 to 24 months.
The world’s most advanced recycler of lithium-ion batteries said in a statement that this expansion directly supports the National Critical Mineral Mission (NCMM).
The NCMM has been launched by the government in 2025 to reduce import dependence and promote self -reliance in important mineral supply chains.
Rare Earths like Neodimium (ND), Prodiums (PR) and Dysproosium (DY) are essential for major areas including metal electric vehicles, wind energy and consumer electronics.
The Global REE market is estimated to reach $ 10.9 billion by 2029 at the CAGR rate of 12.6 percent and REE Magnet is expected to exceed $ 30.3 billion by 2033. In such a situation, the construction of indigenous recycling and extraction capabilities is now a national priority.
Atero’s CEO and co-founder Nitin Gupta said, “Atero has continuously advocated India’s self-sufficiency in important minerals to reduce dependence on imports and to combat China’s dominance in the rare meaning supply chain. We are proud to say that we are the only Indian company, which we have a patent and global levels, which are the only Indian company, which has a black month and 98 The rare economy is capable of recovering the element with more than percentage efficiency and 99.9 percent purity. “
The current global environment makes the need for the development of domestic infrastructure more important.
Gupta said, “With our current capacity and technology leadership, we are ready to increase our REE recycling capacity from 1 to 100 tonnes per day to 30,000 tonnes per annum and are exploring the possibility of further expansion when demand increases. We are planning to invest Rs 100 crore for this expansion.”
Atero’s patent technology enables REE from e-waste and hard disk drives, laptops, neckbands and earphones such as end-off-life electronics to remove REEs; Components that have high-compositions of ND, PR, CE, GD and DY.
This process is energy-skilled, cost-effective and reduces greenhouse gas emissions compared to traditional mining.
Atero is the only Indian company that has the ability to refine the important output ‘Black Mass’ from the lithium-ion battery used in high-purity materials including lithium, cobalt, nickel and manganese. This capacity strengthens the position of the company as a leader in circular economy for important metals.
In FY 2025, the company processed more than 150,000 tonnes of e-waste and 15,000 tonnes of lithium-ion batteries annually and aims to increase by 100 percent on an annual basis.
-IANS
SKT/
