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Dollarization, lithium investments, and foreign policy: Antony Blinken’s definitions after meeting with Javier Milei.

Dollarization, lithium investments, and foreign policy: Antony Blinken’s definitions after meeting with Javier Milei.

Argentina is up 3% today after conferences and meetings went more than well.

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The United States Secretary of State, Antony Blinken, visited Argentina and met with the President of Argentina Javier Milei. Dollarization, lithium investments, and foreign policy were some of the key topics highlighted by the U.S. administration after the meeting.

Just hours before his trip to the United States to participate in the summit with presidential candidate Donald Trump, Milei bridged connections with the Joe Biden administration and achieved a “highly productive” meeting, according to the Democratic official.

Market reacted and Argentinian stocks are nearly 3% up today.

During the press conference attended by national and international media, Blinken, accompanied by Chancellor Diana Mondino, emphasized today “Argentina’s extraordinary potential” and expressed gratitude for “the President’s time and the depth of our conversation, which reflects the interest in deepening and strengthening ties between our countries.”

Earlier, the Argentine Chancellor Mondino thanked U.S. Secretary of State Antony Blinken for “visiting Argentina and understanding the significant changes we are initiating,” following the meeting held at Casa Rosada with the President.

In his statements, Blinken referred to one of the key economic reform proposals by the La Libertad Avanza (LLA) government: dollarization.

The U.S. official did not express a stance in favor or against the project; instead, he remained cautiously optimistic: “Dollarization depends on Argentina. Naturally, we expect to hear some plans and discuss them further, but ultimately, it’s Argentina’s decision.”

“What is abundantly clear is that Argentina possesses what the world needs, and we want to be partners with Argentina as it contributes to feeding the world and providing energy for the future. The efforts to stabilize the economy are absolutely essential, and as progress continues successfully, I reiterate that we are committed to doing what it takes to assist in this success,” he added.

Blinken also highlighted Argentina’s abundant energy resources and spoke of an “extraordinary potential.” One of the most critical points for our shared future—indeed, for the entire planet—is clean energy. Argentina is poised to play a critical role in creating supply chains for minerals that will drive the 21st-century economy, specifically lithium

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Ignacio Teson
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.
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