Canada and India Sign $1.9 Billion Uranium Supply Deal to Strengthen Ties
Canada and India have formalized a significant energy partnership through a new agreement worth approximately $1.9 billion (2.6 billion CAD). Under this deal, Canadian nuclear firm Cameco will supply uranium to India for use in nuclear energy generation between 2027 and 2035. This agreement is part of a broader strategy by Canada to deepen diplomatic and economic ties with India in critical minerals and energy sectors. The move comes as Canada seeks to diversify its international alliances amidst growing tensions with the United States. Additionally, leaders from both nations, including Indian Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney, announced plans to conclude a Comprehensive Economic Partnership Agreement later this year, signaling a strategic shift towards closer bilateral cooperation.
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Canada and India Sign $1.9 Billion Uranium Supply Deal to Strengthen Ties
Canada and India have formalized a significant energy partnership through a new agreement worth approximately $1.9 billion (2.6 billion CAD). Under this deal, Canadian nuclear firm Cameco will supply uranium to India for use in nuclear energy generation between 2027 and 2035. This agreement is part of a broader strategy by Canada to deepen diplomatic and economic ties with India in critical minerals and energy sectors. The move comes as Canada seeks to diversify its international alliances amidst growing tensions with the United States. Additionally, leaders from both nations, including Indian Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney, announced plans to conclude a Comprehensive Economic Partnership Agreement later this year, signaling a strategic shift towards closer bilateral cooperation.
WSJ.com: World News