US invests 7B in Argentina resources
The U.S. Department of Commerce announced that the Export-Import Bank of the United States (EXIM Bank) plans to finance projects in the critical minerals and energy sectors in Argentina, with a total value of up to $7 billion. This funding comes as part of Washington’s efforts to strengthen economic cooperation with Buenos Aires, with the announcement expected to be made during the United Nations General Assembly meetings. Argentine companies will benefit from the loans to purchase equipment from American firms over the next two years, focusing on vital resources such as lithium and shale oil. This reflects Argentina’s ambitions to boost its exports of critical minerals and copper by 2036, along with increasing its investments in energy and mineral sectors.
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