The electrochemical reduction behavior of B(III) ions was investigated in LiCl–KCl–KBF4 at 723 K. The results of cyclic voltammetry using Mo, Ag, and Ni electrodes suggested the reduction of B(III) to B(0) at potentials of 1.5 V or at a more negative potential (vs. Li+/Li). Spherical electrodeposits were observed after potentiostatic electrolysis at 1.1–1.5 V. From the results of X-ray photoelectron spectroscopy, scanning transmission electron microscope/energy-dispersive X-ray spectroscopy (STEM/EDX), and selected area electron diffraction, it was concluded that the spherical electrodeposits obtained at 1.1 V were elemental amorphous boron. The purity of the products was 85 wt% boron, as determined by STEM/EDX analysis. The current efficiency of elemental B electrodeposition was 96.2% in this system. The formation of Ni2B at 1.1–1.9 V was indicated by X-ray diffraction, although it was not the main product. These results indicate that the presence of B(III) ions in a melt causes a fatal adverse effect on the recycling process of Nd–Fe–B magnets due to the reduction of B(III) ions. Further, the possibility of reducing the energy and cost of the elemental boron production process was discussed.