Meeting the Growing Demand for Precious & Rare Earth Metals through Sustainable Recovery

As the global demand for critical minerals like rare earth elements and precious metals continues to surge, driven by the rapid growth of high-tech industries, renewable energy, and electric vehicles, India faces a pressing need to secure a stable supply of these essential materials. Eco Recycling Limited (Ecoreco), a pioneer in e-waste recycling, proposes to play a vital role in addressing this challenge.

With the government's emphasis on the Critical Mineral Mission and initiatives to promote recycling, Ecoreco's expanded facilities for e-waste and lithium-ion battery recycling position us to make significant contributions to India's critical mineral supply chain. Our state-of-the-art recycling infrastructure will enable the recovery of precious and rare metals, reducing dependence on imports and supporting the country's sustainable development goals.

Ecoreco's role in meeting the growing demand for precious and rare earth metals includes:

- Enhancing Domestic Supply: By recovering critical minerals from waste streams, we can reduce reliance on imports and strengthen India's supply chain resilience. Our expanded 'capacity of e-waste recycling of 25,200 MTPA and lithium-ion battery recycling of 6,000 MTPA, will contribute immensely.

- Promoting Sustainable Practices: Our Critical Mineral Recovery will recover precious and rare metals, including rare earth elements, from electronic waste and lithium-ion batteries will support environmentally friendly practices, minimise waste and mitigate environmental impacts associated with mining and processing.

- Supporting High-Tech Industries: By securing a stable supply of critical minerals, we can enable the growth of industries like renewable energy, electronics, and electric vehicles which will enhance export of the above products and contribute to India's foreign exchange reserves.

We believe that our efforts align with the government's vision for a sustainable and self-reliant India. We look forward to collaborating with stakeholders to meet the growing demand for precious and rare earth metals.

Shares of ECO RECYCLING LTD. was last trading in BSE at Rs. 589.75 as compared to the previous close of Rs. 590.85. The total number of shares traded during the day was 7600 in over 509 trades.

The stock hit an intraday high of Rs. 597.40 and intraday low of 588.00. The net turnover during the day was Rs. 4501727.00.

Source : Equity Bulls

Keywords

ECORECYCLING INE316A01038 CriticalMinerals RareEarthElements PreciousMetals