India has lengthy eyed Australia’s uranium to assist meet a goal of 100 gigawatts of nuclear power capability by 2047.
Printed On 9 Jul 2026
Australia and India have signed an settlement to export Australian uranium to India to be used within the nuclear power trade.
“We’ve signed an necessary settlement at present on nuclear power,” Indian Prime Minister Narendra Modi stated on Thursday after talks along with his Australian counterpart, Anthony Albanese, in Melbourne.
Really useful Tales
listing of three gadgetsfinish of listing
“This can pave the best way for uranium provides from Australia to India and provides our clear power targets recent momentum.”
A joint assertion stated the association allowed long-term uranium exports for “solely peaceable functions”.
India has lengthy eyed Australia’s uranium reserves, which make up round 28 % of the world’s provide, to assist meet a goal of 100 gigawatts of nuclear power capability by 2047 whereas Australia is trying to diversify commerce past its reliance on China, its high associate.
The exports would fall below safeguards established by the Worldwide Atomic Vitality Company, the worldwide nuclear watchdog.
“The association facilitates Australian uranium exports to India to assist improve the share of non-fossil-fuel energy capability,” Albanese instructed reporters.
India and Australia entered a nuclear cooperation agreement in 2014. Nonetheless, Australia has exported restricted provides of uranium to India over considerations that the fabric might be used to make weapons.
Modi and Albanese additionally agreed to strengthen defence cooperation and bolster provide chains for vital minerals.
The 2 nations additionally plan to construct a “momentary house monitoring terminal” on Australia’s Cocos Keeling Islands within the Indian Ocean, which is able to help Indian house flight tasks, in response to a joint assertion.
Albanese praised Modi’s management for serving to foster stronger ties between the 2 nations.
“Prime Minister Modi, your management and your private engagement with Australia has been completely central to this modification,” Albanese stated.
India is Australia’s fifth largest buying and selling associate. Two-way commerce in items and companies was valued at 54.4 billion Australian {dollars} (US$37.7bn) through the 2024-2025 monetary 12 months, in response to Australian authorities figures.
Modi arrived in Australia after visiting Indonesia, the place he signed a sequence of offers on agriculture and defence. He’ll go away for New Zealand on Friday earlier than returning to India.
