Australian uranium stocks surged following the finalization of administrative arrangements to commence exports to India under a bilateral nuclear cooperation agreement. India is targeting a significant expansion of its nuclear capacity to 100 GW by 2047, up from its current 8 GW. Alongside the Australian deal, India clarified its commitment to international trade agreements and secured a C$2.6 billion supply contract with Canada’s Cameco for uranium deliveries starting in 2027.
