Love the chain of sources: Business Insider article is about this paper

https://www.nature.com/articles/s41467-024-49753-5

which for that factoid links to

https://pubs.acs.org/doi/10.1021/acsenergylett.1c02602

which for that just links to a BBC article with a doctor saying the "value everyone quotes is about"

https://www.bbc.com/news/business-56574779

The 2011 part is what makes this outstanding, the iphone had been released only 4 years before; the majority of lithium ion we were using was likely laptop batteries and cell phones that lasted a week on a small battery.

If anything, i would expect that recycling would become more commonplace with the larger scale of EV batteries, Electric bicycle batteries, and power stations.

And the key part is, the advantage of lithium ion is that the same sized battery provies 10x as many charges (and more energy density) than its predecessors NIMH or NICD)

Example #4,928,422,857 of people's inability to think about rapidly changing quantities.