Commodities
Cameco Signs $1.9 Billion Uranium Deal With India During Carney Visit
The Cameco Corp. Cigar Lake uranium mine in northern Saskatchewan, Canada.
Photographer: Geoff Howe/BloombergCanadian firm Cameco Corp. signed a C$2.6 billion ($1.9 billion) uranium supply deal with India during Prime Minister Mark Carney’s first official visit to the country.
Cameco will supply 22 million pounds (11,000 tons) of the reactor fuel to India from 2027 through 2035, according to a statement from Carney’s office. The two nations also agreed to cooperate in sectors including liquefied natural gas, critical minerals, solar and hydrogen.