A negative active material for a rechargeable lithium battery, a method for making the negative active material, and a rechargeable lithium battery including a carbonaceous material, which is capable of reversibly intercalating and deintercalating lithium, and particles of a metal or a metal compound or mixtures thereof, distributed in the carbonaceous material, the metal or the metal compound being capable of forming an alloy with lithium during electrochemical charging and discharging.