However, Rio will bring a different mindset to lithium. The commodity – if you can call it that – is fairly common in the Earth’s crust, and deposits are usually small and scattered.

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LTM shares have caught a rocket this week on the back of confirmation by Rio Tinto (ASX:RIO) that the company will spend $10 billion to acquire Arcadium – one of the few producers to have rolled out ...

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The ink is barely dry after Arcadium Lithium (ASX:LTM) put pen to paper on a $10 billion (US$6.7bn) contract to trade the Yank and Australian lithium miner to Rio Tinto (ASX:RIO) and already the ...

According to the release, the two parties have signed a definitive agreement under which Rio Tinto will acquire Arcadium Lithium in an all-cash transaction for US$5.85 per share (A$8.71 per share).

At $9.9bn, the mining giant is paying a high premium to become one of the world’s biggest lithium producers, as it bets on the future of the critical battery material. Rio Tinto chief executive ...

Add articles to your saved list and come back to them any time. Mining giant Rio Tinto has made a counter-cyclical move in the face of a global lithium slump, paying nearly $10 billion for ...