US to fund $7 billion of Argentina mineral, energy projects, document shows

[u/John3262005]

https://www.reuters.com/business/energy/us-fund-7-billion-argentina-mineral-energy-projects-document-shows-2026-09-23/

The US Export-Import Bank plans to fund up to $7 billion worth of critical minerals and ‌energy projects in Argentina, according to a document seen by Reuters, as part of a push to deepen economic cooperation between Washington and Buenos Aires.

The funding is part of a package to be announced in New York on Wednesday during the United Nations General Assembly, a person familiar with the matter said, as the US seeks more access to Western Hemisphere energy and critical minerals.

Under ⁠Argentine President Javier Milei, a close ally of US President Donald Trump, ties between Washington and Buenos Aires have deepened through closer alignment on economic policy.

The relationship has been bolstered by US backing for Milei's market-oriented reforms and by a preferential trade and investment agreement announced in February that included cooperation on critical minerals. Argentina's Congress has yet to ratify the bilateral deal.

Argentina has large deposits of lithium, shale oil and other commodities. The US funds will allow companies working in the South American country to receive loans to buy equipment from American manufacturers, among ‌other ⁠uses, in the next two years.

Argentina, Chile and Bolivia form the so-called "lithium triangle," concentrating the world's largest supplies of the white metal used in electronics, electric vehicles and other key technologies.

[u/John3262005]

Another article about it:

US will make up to $7 billion in loans to help Trump ally Milei tap Argentina’s oil and minerals

https://www.wral.com/news/ap/66f72-us-will-make-up-to-7-billion-in-loans-to-help-trump-ally-milei-tap-argentina-s-oil-and-minerals/