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India Races to Secure Uranium Supplies as Nuclear Power Expansion Accelerates

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India is actively pursuing international uranium partnerships to support a major expansion of its nuclear energy program. Uzbekistan, Australia, and Canada have emerged as key supplier nations in this global procurement effort. Recent changes in domestic legislation now permit private companies to construct and operate nuclear power plants in India, significantly broadening the sector. This policy shift is expected to drive up demand for uranium fuel substantially. Over the longer term, India also aims to develop its vast thorium reserves as an alternative nuclear fuel source.

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