Due to the current widespread use of lithium-ion batteries in a range of applications, signi cant amounts of metalcontaining waste materials are generated. Typically, the recycling of transition metals from lithium-ion batteries involves leaching of Co 2 and Li from the LiCoO 2 anode and the electrolyte (e.g., LiPF 6 , LiBF 4 ). Thus, we herein examined the application of slug ow to the extraction of Co 2 and Li from an aqueous solution into an organic (cyclohexane) phase containing di-(2-ethylhexyl)phosphoric acid (D2EHPA) as the extraction reagent. The extraction equilibrium and extraction rate were then investigated to design a novel extraction process. In addition, a microchannel was employed to extract the Co 2 and Li ions from the aqueous phase. We found that the D2EHPA-Na solution (prepared from the partial exchange of H from D2EHPA with Na) was e ective for extracting Co 2 and, at a mole fraction of D2EHPA-Na >10%, complete Co 2 extraction from the aqueous phase was achieved. In addition, the presence of co-existing ions did not signi cantly a ect the extraction behavior of Co 2 and Li . Furthermore, the volumetric mass transfer coe cients (k L a) of Co 2 and Li exhibited the same order as those previously reported for other slug ow extraction systems. Finally, the ion concentration and selectivity were successfully simulated using the k L a values and the simulation results were in good agreement with experimental data. Such simulation of the Co 2 yield and purity is essential for selecting optimal process design conditions.