Indian leader Narendra Modi said he clinched a uranium supply agreement while visiting Australia on Thursday, securing a fuel source that will play a crucial role in his nation’s nuclear energy ambitions. Faced with an almost-insatiable appetite for electricity in the world’s most populous nation, Modi has outlined plans to substantially scale-up nuclear power generation in coming years. Australia lays claim to around 28 per cent of the world’s uranium resource, but legal hurdles and political sensitivities have hindered exports to India. “We have signed an important agreement today on nuclear energy,” Modi said after talks with his Australian counterpart Anthony Albanese. “This will pave the way for uranium supplies from Australia to India and give our clean energy objectives fresh momentum.” A joint statement said the arrangement allowed long-term uranium exports for “exclusively peaceful purposes”. The exports would fall under safeguards established by the International Atomic Energy Agency (IAEA). “The ar...
India and Brazil agreed to boost cooperation on critical minerals and rare earths on Saturday, Prime Minister Narendra Modi said after talks in New Delhi with Brazilian President Luiz Inacio Lula da Silva. “The agreement on critical minerals and rare earths [is] a major step towards building resilient supply chains,” Modi said. Brazil has the world’s second-largest reserves of critical minerals, which are used in everything from electric vehicles, solar panels and smartphones to jet engines and guided missiles. India, seeking to cut its dependence on top exporter China, has been expanding domestic production and recycling while scouting for new suppliers. “Increasing investments and cooperation in matters of renewable energies and critical minerals is at the core of the pioneering agreement that we have signed today,” Lula said. The details of the deal were not immediately available. Nine other agreements and memoranda of understanding were finalised on Saturday, the foreign ministry’s spokesman said, touchin...