India’s AI boom could fuel Australian uranium demand
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India’s push to expand its artificial intelligence (AI) and data centre sectors could create new opportunities for Australian uranium producers, with reports saying Prime Minister Narendra Modi is expected to seek increased uranium imports during a visit to Australia next month.
Australia and India signed a uranium export agreement in 2014, but trade between the two nations has remained limited, with only small shipments recorded since the first delivery in 2017.
That could soon change.
India is ramping up investment in nuclear energy to meet growing electricity demand from new data centres and digital infrastructure. Major technology companies including Google, Meta and Amazon are investing billions of dollars into the country’s data centre market, placing increasing pressure on power supply.
Modi is expected to discuss uranium supplies with Australian leaders during the July visit as India works to expand its nuclear generation capacity.
India’s state-owned Nuclear Power Corporation plans to add 18 nuclear reactors by 2032, a move expected to almost triple the country’s nuclear power capacity.
A significant increase in uranium exports would mark a major shift in the Australia-India uranium trade and create a new source of demand for Australian producers.
The discussions are also expected to cover defence cooperation and broader trade ties, reflecting the growing relationship between the two countries.
The reports follow the signing in May 2026 of the $20 billion new Quad Critical Minerals Initiative, designed to strengthen diversified supply chains across mining, processing and recycling.
Australia and India are members of the Quad alongside Japan and the United States, in a partnership focused on cooperation across the Indo-Pacific region.
Read more: Australian uranium steps back into focus
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