Li-ion batteries are one of the most popular energy storage devices widely applied to various kinds of equipment, such as mobile phones, medical and military equipment, etc. Therefore, due to its numerous advantages, especially on the NMC type, there is a predictable yearly increase in Li-ion batteries' demand. However, even though it is rechargeable, Li-ion batteries also have a usage time limit, thereby increasing the amount of waste disposed of in the environment. Therefore, this study aims to determine the optimum conditions and the potential and challenges from the waste Li-ion battery recycling process, which consists of pretreatment, metal extraction, and product preparation. Data were obtained by studying the literature related to Li-ion battery waste's recycling process, which was then compiled into a review. The results showed that the most optimum recycling process of Li-ion batteries consists of metal extraction by a leaching process that utilizes H2SO4 and H2O2 as leaching and reducing agents, respectively. Furthermore, it was proceeding with the manufacturing of a new Li-ion battery.