It currently does not. Most batteries (by mass) are recycled. Recovery rates for the minerals used to make them are often above 90%.
Recycling batteries is an indispensable part of making them. We can make the process safer, but we can't easily pull valuable resources out of a landfill.
I was speaking of eWaste. I find it highly unethical to offload america's waste onto somebody else. Being that entire shanty towns (people included) in India have disappeared as the landfill they were built on shifted due to rain.