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Although research on the preparation of metal oxides and other materials for various applications increases exponentially, it is more important to understand the need for eco-friendly methods of preparation to preserve the environment. Most of the methods available today are expensive, environmentally harmful, and inefficient with respect to mass production. The present review has explored the Rheological Phase Reaction (RPR) method, which has been extensively utilized as an eco-friendly industrial method for the preparation of metal oxides and metal oxide/carbon composite for lithium ion battery applications. Based on the literature reports, this review has two motivations: to identify the Rheological Phase Reaction (RPR) as the mass production method for preparing metal oxides, metal oxide/carbon composites, and other materials for different applications, to discuss the preparation steps involved, its advantages, the drawbacks associated; and to give a detailed review of the electrochemical performance of different metal oxides by the RPR method for application on the lithium ion battery, with particular emphasis on lithium trivanadate (LiV3O8).