Recovering neodymium and other rare earths from scrap magnets, hard drives, motors and factory swarf - the fastest way to add feedstock without a new mine.
Attero RecyclingEmerging entrant · HighUnlisted
LohumEmerging entrant · HighUnlisted
Attero Recycling
E-waste and battery recycler scaling rare-earth recovery; scheme bidder
Strengths
Announced (June 2025) a ₹100 Cr plan to scale rare-earth recycling from 300 to 30,000 tonnes of feed a year
Existing e-waste collection network gives access to magnet scrap
Risks
Unlisted (has said it plans an IPO) - no audited public financials here
Recovered volumes are small until EV motors reach end of life
Background
Noida-based e-waste and lithium-ion battery recycler
Named in the REPM bidder list (PIB, 13 Aug 2026)
Compiled from public reporting — not exchange-listed.
Where it fits
Recyclers collect magnet scrap, crush it (often with hydrogen) and either re-make it into magnet powder or chemically recover rare-earth oxides to sell back up the chain.
Why it matters
Recycling can start far sooner than new mines. A separate ₹1,500 Cr critical-mineral recycling scheme (approved 3 Sep 2025, FY26-FY31) gives a 20% capex subsidy plus opex support, and two leading recyclers - Attero and Lohum Magnets & Energy Solutions - also bid for the magnet scheme.
Where the value pool sits
Small today: India generates limited magnet scrap, so volumes depend on collection of e-waste and end-of-life motors. Attero planned to lift rare-earth recycling capacity from 300 to 30,000 tonnes of feed a year (announced June 2025).
Key drivers
₹1,500 Cr recycling incentive scheme and e-waste EPR rules
Magnet scheme bids from recyclers
Factory swarf from new Indian magnet plants
Potential bottlenecks
Collection: magnet scrap is scattered across e-waste streams
Scrap quality varies; recovered oxide must be purified again
Recycling-scheme support is capped at ₹50 Cr per large company, capex and opex combined