
Simultaneous confrontations with Argentina and the United States are increasing political, commercial, information-security, and election-period risk.
Key judgments
- Political Risk — assessed as a driving factor in this analytic line, tracked over the Through October 2026 forecast horizon.
- Foreign Influence — assessed as a driving factor in this analytic line, tracked over the Through October 2026 forecast horizon.
- Elections and Governance — assessed as a driving factor in this analytic line, tracked over the Through October 2026 forecast horizon.
- Supply Chains — assessed as a driving factor in this analytic line, tracked over the Through October 2026 forecast horizon.
- Mining and Critical Minerals — assessed as a driving factor in this analytic line, tracked over the Through October 2026 forecast horizon.
The full assessment, including sourcing, analytic confidence statements, and indicators and warnings, is available in the downloadable PDF.
Download full PDF

