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Australia, India strike deal on uranium exports during Modi visit
The deal opens a new market for Australian producers as India seeks to expand nuclear power to 100 gigawatts by 2047, officials said.
- On Thursday, July 9, 2026, Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese finalized administrative arrangements in Melbourne, enabling long-term Australian uranium exports to India for exclusively peaceful purposes under International Atomic Energy Agency safeguards.
- The agreement resolves technical formalities that stalled commercial uranium trade for over a decade following the 2014 civil nuclear cooperation pact, addressing concerns regarding potential weapons diversion while ensuring fuel is used solely for peaceful civilian power generation.
- India aims to expand nuclear capacity to 100 gigawatts by 2047, while the deal helps Australia diversify trade beyond its reliance on China; Australia holds nearly 28 percent of global uranium reserves, providing a reliable fuel source.
- Beyond nuclear energy, the leaders signed 18 pacts pledging greater defense and security cooperation in the Indo-Pacific, with their joint statement describing the expanded partnership as reflecting a "step change in the depth and ambition" of the relationship.
- The visit coincides with regional security tensions following Australia's criticism of China's recent ballistic missile test, while small protest groups gathered in Melbourne to voice concerns regarding domestic Indian politics and immigration policies.
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India in its biggest development, has signed an agreement with Australia to export Uranium to India for peaceful civilian use. This deal was signed during the 3rd India-Australia Annual Summit in Melbourne where PM Modi met Australian PM Anthony Albanese. This
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Australia Agrees to Sell Uranium to India During Modi Visit
·New York, United States
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Australia to sell uranium to India
Canberra signed an administrative deal with New Delhi for exports held up for years over concerns about weapons use Australia agreed to supply uranium to India, ending a stalemate in talks since 2014 following New Delhi’s refusal to sign a nuclear non-proliferation treaty. Indian Prime Minister Narendra Modi and Australia’s Prime Minister Anthony Albanese signed...
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Leaning Left19Leaning Right27Center18Last UpdatedBias Distribution42% Right
Bias Distribution
- 42% of the sources lean Right
42% Right
L 30%
C 28%
R 42%
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