U.S. Export-Import Bank to Provide Up to $7 Billion for Argentine Mineral and Energy Projects

A document seen by one outlet's shows the U.S. Export-Import Bank intends to allocate up to $7 billion toward Argentine projects involving critical minerals and energy resources. The funding, to be unveiled during the UN General Assembly in New York, will enable local companies to obtain loans for buying U.S.-made equipment over the next two years. The move builds on a preferential trade and investment accord announced in February, which links the two governments in the lithium triangle that includes Chile and Bolivia.

Under President Javier Milei, who aligns closely with President Donald Trump, Argentina has pursued market-oriented reforms and an incentive regime called RIGI to attract foreign capital. Companies already present include Rio Tinto (lithium), BHP (copper) and Chevron (shale oil and gas). The deal still requires ratification by Argentina’s Congress, and the presidency has not responded to comment requests.