"For the 10 year life of this, it will be 800 feet deep." She said the spodumene, which contains lithium, is in concentrated areas, and Albemarle will not be mining outside of that concentrated area.

SYDNEY— Albemarle ALB -4.43% is closing in on one of the biggest-ever lithium deals after making a new offer for Australia’s Liontown Resources LTR 1.25% that values it at $4.25 billion ...