Herein is disclosed a process for recycling electrode material from lithium-ion batteries, comprising harvesting a mixture of anode and cathode electrode materials from waste lithium-ion batteries, and separating the anode electrode material from the cathode electrode material by means of dense liquid separation. The mixed anode and cathode material is suspended in a liquid that has a density between those of the anode material and cathode material, such that the anode material rises to the top of the dense liquid and the cathode material sinks to the bottom of the dense liquid. The thus separated materials can easily be collected and further purified and regenerated for reuse in new lithium-ion batteries, providing an efficient and low-cost method for recycling electrode active materials from waste lithium-ion batteries.