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A landmark $2.6 billion agreement between the Canadian company Camecoand India’s Department of Atomic Energy to provide 22 million pounds of uranium through 2035. This long-term contract serves as a cornerstone for India’s ambitious Nuclear Energy Mission, which aims to increase its generating capacity from 8.8 GW to 100 GW by 2047. The deal also signals a significant diplomatic reset between Canada and India following years of strained relations. Strategically, India is diversifying its fuel sources to reduce reliance on Russian and Central Asian supplies as global markets fracture.
By Uranium UnleashedA landmark $2.6 billion agreement between the Canadian company Camecoand India’s Department of Atomic Energy to provide 22 million pounds of uranium through 2035. This long-term contract serves as a cornerstone for India’s ambitious Nuclear Energy Mission, which aims to increase its generating capacity from 8.8 GW to 100 GW by 2047. The deal also signals a significant diplomatic reset between Canada and India following years of strained relations. Strategically, India is diversifying its fuel sources to reduce reliance on Russian and Central Asian supplies as global markets fracture.