I can recall ML discussing that in some of his previous posts...
Lithium recycling is not currently a viable proposition, and does not look like being so
A quick google search
However, it does not make any economic sense to recycle the batteries. Batteries contain only a small fraction of lithiumcarbonate as a percent of weight and are inexpensive compared to cobalt or nickel. The average lithium cost associated with Li-ion battery production is less than 3% of the production cost.Aug 1, 2011
BGS Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held