TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsAustralia, India strike deal on uranium exports
India has long eyed Australia's uranium reserves to help meet a target of 100 gigawatts of nuclear energy capacity by 2047, while Australia is looking to diversify trade beyond its reliance on China, its top partner.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Australia’s Prime Minister Anthony Albanese (right) takes a selfie with Indian Prime Minister Narendra Modi (left) at the Australia-India Economic Roadmap Business Reception in Melbourne on July 9, 2026. (AFP/William West)
A
ustralia and India reached a deal on Thursday to export Australian uranium to India for use in the nuclear energy industry, while agreeing to deepen cooperation in renewables, critical minerals and green hydrogen.
India has long eyed Australia's uranium reserves to help meet a target of 100 gigawatts of nuclear energy capacity by 2047, while Australia is looking to diversify trade beyond its reliance on China, its top partner.
"Australia and India are close partners and even closer friends," Australian Prime Minister Anthony Albanese told reporters in Melbourne on Thursday, after finalising the deal with visiting Indian Prime Minister Narendra Modi.
"The arrangement facilitates Australian uranium exports to India to help increase the share of non-fossil fuel power capacity, providing an additional market for the Australian resources sector."
Though both nations agreed to a nuclear cooperation pact in 2014, uranium exports have been limited over concerns about ensuring nuclear fuel is used solely for peaceful purposes, such as energy generation.
Modi said on Thursday India's relationship with Australia presented "historic opportunities" for both countries to cooperate across several areas.
Australia's technology, capital and resources could help accelerate India's energy transition, Modi said. He also signalled possible cooperation in low-carbon aluminium projects.
"We have historic opportunities to cooperate in this field," Modi said, as he urged Australia's business community to invest long-term in India's road, port, rail and urban infrastructure projects.
India and Australia entered a nuclear cooperation agreement in 2014 that paved the way for uranium export.
But legal hurdles remained and trade today is largely non-existent.
Albanese sported a wide grin as the two leaders briefly paused to take a selfie photo earlier in the day.
The Australian prime minister has previously referred to Modi as "The Boss", joking that he could pull bigger crowds than US rock icon Bruce Springsteen.
Albanese praised Modi's leadership on Thursday for helping foster stronger ties between the two nations.
"Prime Minister Modi, your leadership and your personal engagement with Australia has been absolutely central to this change," Albanese said.
