After reviewing the status of the lithium battery waste treatment and, in particular, outlining the technical and practical aspects of this operation, we describe some preliminary activity in progress in our laboratory mainly directed to the development and evaluation of a multi-step recycling process. Although this process is still in an exploratory phase, the preliminary results obtained in our laboratory suggest that the process may be of some practical interest since it gives promises of obtaining a good recovery of the battery components by rather efficient and easily achievable operations.