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India's $166m bid to modernize critical mineral recycling takes shape

Nikkei Asia · last updated
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India’s $166m bid to modernize critical mineral recycling takes shape

Sector reliant on informal scrap markets is being overhauled to reduce reliance on China

Government projections suggest the Critical Mineral Recycling Incentive Scheme could help develop 270,000 metric tons per year of capacity and recover around 40,000 tons of critical minerals annually once fully operational. © Getty Images

SAJAD HAMEED

February 5, 2026 14:13 JST

NOIDA, India — Companies are stepping up their investments in critical mineral recycling as they await the outcome of a 15 billion rupee ($166 million) critical mineral recycling program that the Indian government hopes will reduce the country’s reliance on imports of key inputs for green technologies.

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