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Batteries themselves contain valuable materials and metals than can be recovered, processed, and reused. Although this is the case, often the majority of LIB will end up in landfills even though they can be recycled

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Focusing on LIB used in iPhone's: Aging is a huge and ignored concern with lithium ion batteries. Some capacity deterioration is noticeable after a year.The battery most likely will fail after 2-3 years. You can get your battery replaced by your phone carrier (ex:verizon) or replace the phone.

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Department of Transportation Pipeline and Hazardous Materials Safety Administration created a rule on enhanced safety provisions for transporting lithium batteries.
The rule says that there needs to be additional marking and labeling requirements for lithium battery shipments transported by road, rail and air.

The rule also does not allow the transport of lithium ion battery cells and batteries as cargo on passenger aircraft

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There are pretty strict rules on how to package LIB. The inner packaging containing the lithium ion batteries may be placed in a container made from the following materials:

Metal, wooden, fiberboard or a solid plastic box

Metal, wood or plastic drum

Metal or plastic jerrycan

A rule of thumb is that  lithium ion batteries must be packaged to prevent movement or contact with other materials.

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Mainly produced and manufactured in China, but the majority of the resources come from Bolivia and Chile. LIB manufacturing is a tedious and sometimes dangerous task, so a lot of the small parts are assembled by hand, whereas the other parts can be assembled by machines.

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miners drill holes into salt flats and leave it exposed to the open for up to 18 months so the liquid can evaporate. Once evaporated, the miners collect the lithium carbonate, which is then turned into metallic lithium.