Australia signs deal to export uranium to Indiaexport uranium to India for peaceful purposes
India clinches agreement for Australian uranium supply; Modi says pact to give clean energy objectives 'fresh momemtum''Exclusively peaceful purposes': Albanese confirms Australian uranium supply deal with IndiaAustralia signs a deal to export uranium to IndiaAustralia and India seal uranium export pact, boost defense tiesIndian PM’s visit seals multibillion-dollar uranium dealAustralia to begin selling uranium to India for peaceful purposes
Australia and India signed a deal on Thursday to export Australian uranium to India for use in the nuclear energy industry, with leaders agreeing to deepen cooperation in renewables and critical minerals.
The agreement ends years of delays over concerns about potential weapons use, enabling India to secure a crucial fuel source for its nuclear energy ambitions.
This pact marks a significant step in advancing clean energy objectives and strengthening strategic ties between the two nations.
- Australia holds the world's largest known uranium reserves, accounting for about 28% of global supply.
- India's nuclear program has historically relied on domestic uranium, limiting its energy output due to resource constraints.
- The deal was delayed for years because India is not a member of the Nuclear Non-Proliferation Treaty, raising export concerns.
