Attero, a company that recycles old electronics, will invest Rs 100 crore over the next one to two years. This money will be used to make it possible to recycle more rare earth elements. 

Currently, the company can recycle 300 tons per year, and they want to increase that to 30,000 tons per year. This news comes from Nitin Gupta, the CEO and co-founder. This plan is happening because there is a growing need for rare earth magnets. 

These magnets are vital for things like electronics, cars, electric vehicles, and wind energy. India, like many other countries, relies on China for these important materials, especially after China limited their export in April.

Nitin Gupta said, "Attero has always supported India becoming self-sufficient in important minerals... We are proud to be the only Indian company with proven advanced technology and methods that are protected by patents worldwide."

The company will focus on getting Neodymium (Nd), Praseodymium (Pr), and Dysprosium (Dy) from waste. They can get more than 98 percent of these materials with 99.9 percent purity, using their special technology that uses less energy.

This expansion helps the Indian government's National Critical Mineral Mission. This mission encourages recycling within the country to rely less on imports. Attero recycled 1.5 lakh tons of electronic waste and 15,000 tons of lithium-ion batteries in the financial year 2025. They plan to double that next year. The company also plans to start working in Europe and the US.