Re. Meeting the growing demand for precious & rare earth metals through sustainable recovery
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Eco Recycling Ltd has written to the BSE outlining how it plans to contribute to India's critical mineral supply chain through e-waste and lithium-ion battery recycling. The company highlighted its expanded capacity of 25,200 metric tonnes per annum for e-waste recycling and 6,000 metric tonnes per annum for lithium-ion battery recycling. It emphasized recovery of precious and rare metals, including rare earth elements, from electronic waste to reduce India's import dependence. The letter aligns the company's efforts with the government's Critical Mineral Mission and India's push for self-reliance in critical minerals for renewable energy, electronics, and electric vehicles.
This is a strategic positioning letter rather than a concrete order, contract, or financial update. Shareholders should note the expanded recycling capacities mentioned, but there is no new revenue guidance, order win, or approval disclosed, so near-term stock impact is likely limited.