Argentina could be at the beginning of a new cycle of mining expansion capable of transforming its export matrix and strengthening its financial profile. This is stated in a report by the investment bank Morgan Stanley, which projects strong growth in the sector over the next decade, driven by the Government's economic reforms
.The document, entitled “Malbec & Minerals: Is Argentina the Next Mining Frontier?” , suggests that the country could multiply its mining exports by eight in ten years. According to the bank's estimates, foreign sales would rise from approximately $5 billion in 2025 to about $40 billion in 2035
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For US bank analysts, the change of direction in economic policy since the coming to power of President Javier Milei was decisive in changing the perception of risk in the country. The report highlights a series of measures aimed at stabilizing the macroeconomy, including the correction of the exchange rate, the elimination of the primary fiscal deficit, the reduction of monetary assistance from the Central Bank and the process of recomposition of reserves
.In this context, the Incentive Regime for Large Investments (RIGI) appears to be a key tool for attracting international capital. This scheme offers tax stability for 30 years, tax benefits and more predictable exchange rules for investment projects exceeding $200 million, conditions that are especially relevant for large scale mining ventures
.Morgan Stanley identifies more than 50 mining projects that have already passed the exploration phase and that could mobilize investments of more than $50 billion over the next decade. Most of these developments are concentrated on copper and lithium, although there are also initiatives related to gold and silver
