US to fund $7 billion of Argentina mineral, energy projects, document shows
The package would help companies buy U.S. equipment and expand lithium, copper and energy projects under Argentina’s investment incentive regime.
- The Export-Import Bank plans to fund up to $7 billion for energy and critical minerals projects in Argentina, according to a document seen by Reuters, with the announcement coming Wednesday in New York during the United Nations General Assembly.
- Ties between Washington and Buenos Aires have deepened under Javier Milei, a close ally of President Donald Trump, as Washington seeks greater access to Western Hemisphere energy and critical minerals.
- These funds will allow companies in the South American country to receive loans for purchasing American equipment over the next two years, while Argentina, Chile, and Bolivia comprise the "lithium triangle" concentrating the world's largest metal supplies.
- Milei's government promoted an incentive regime known as RIGI to attract foreign capital, prompting Italy's Eni and YPF to submit a joint application last month for their $51 billion liquefied natural gas project.
- Congress has yet to ratify the bilateral deal, which remains a necessary legislative step to solidify the proposed economic cooperation between Washington and Buenos Aires on energy and critical minerals projects.
17 Articles
17 Articles
US to fund $7 billion of Argentina mineral, energy projects, document shows
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.
It will be this Wednesday in New York.It is part of YPF's project with Italian Eni and XRG.
The U.S. and Argentina close a package of 7 billion by 2027 that opens a window to Spanish investment in energy and critical minerals.The entry Financing from the U.S. to Argentina: the 7 billion that open the door to Spanish companies aparece primero en Moncloa.
U.S. $7B Argentina plan links resource security with industrial investment
Washington’s proposed financing package for Argentina would connect two complementary ambitions: expanding American access to energy and industrial raw materials, and helping Buenos Aires turn its resource wealth into investment and export earnings. The US Export-Import Bank plans to support up to $7 billion in critical minerals and energy projects over the next two years. The initiative would give the closer political relationship between Dona…
As part of the official tour of President Javier Milei in New York by the General Assembly of the United Nations, the governments of Argentina and the United States will announce on Wednesday a strategic financing and investment package of between 6,000 and 7 billion dollars. The funds will be allocated as a priority to [...]
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