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AAP
AAP
Derek Rose

Rio Tinto to acquire Arcadium Lithium for $10 billion

Rio Tinto is looking to create a "world-class lithium business" with its latest acquisition. (Richard Wainwright/AAP PHOTOS)

Rio Tinto has agreed to pay $US6.7 billion ($A9.9 billion) to acquire a global lithium miner as it seeks to broaden its portfolio to include more commodities essential for a low-carbon future.

The company said it would pay a 90 per cent premium to acquire Arcadium Lithium, a dual-listed company formed in January by the merger of Brisbane-based Allkem and US-based Livent.

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