US to fund $7 billion of Argentina mineral, energy projects, document shows
- 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.
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New York. The United States and Argentina launched the Andes-Atlantic corridor to modernize the energy, transport and digital infrastructure, the State Department reported. The initiative, presented in the framework of the High Level Week of the General Assembly of the United Nations, seeks to strengthen and modernize the network that connects the Argentine northwest, rich in critical minerals, and the energy basin of Vaca Muerta with the Atlant…
In addition, a private report warned that industrial activity continues to fall; Xi Jinping is already in the United States; the Azerbaijan Grand Prix has already been launched. This is the morning news of Thursday, September 24, 2026
Argentina's President Milei maintains a close relationship with US President Trump. The US now wants to invest billions in Argentine infrastructure and promote raw materials.
U.S. will make up to $7 billion in loans to help Trump ally Milei tap Argentina’s oil and minerals
The Trump administration wants to put billions of dollars into Argentina’s energy and mining industries. It announced plans Wednesday to make up to $7 billion available for loans to projects through next year.
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