Metastable Materials Expands Battery Recycling Operations in India
Metastable Materials aims to scale its operations to meet the increasing demand for refined lithium, cobalt, nickel, copper, and aluminium extracted from spent batteries. The company is positioned within a rapidly growing $32.9 billion global battery recycling market by 2034, indicating significant potential for growth and investment in sustainable materials.
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Metastable Materials, founded in October 2021, specializes in extracting metals from spent lithium-ion batteries, converting them into refined commodities. The Bengaluru facility has a processing capacity of 1,500 tonnes annually, with plans to scale utilization to 80-90%.
The company has raised funding for its operations and is currently expanding its footprint, including a second facility in Delhi chosen for its access to battery feedstock. Metastable's innovative Integrated Carbothermal Reduction process distinguishes it from conventional recycling methods, enabling in-house machinery development and efficient metal recovery. The global battery recycling market is projected to grow, positioning Metastable favorably against competitors like Attero Recycling and Tata Chemicals.
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