Canada and India strike a major deal
From
Joseph Pereira@1:103/705 to
All on Thursday, March 05, 2026 04:54:04
The deal signed is a clear sign that Canada is expanding its raw materials globally. Raw materials that would otherwise have gone to the US. The dispute caused by Trump now has serious consequences.
Part of the deal between India and Canada includes the supply of uranium by Cameco, the world's second-largest uranium producer. Cameco will deliver a large portion of the $2.6 billion uranium order to India.
This means that a significant portion of Cameco's production will go to India in the coming years, rather than to the US, where it has always gone to date. Over nine years, Cameco will deliver 22 million pounds of uranium ore concentrate. The question now is whether the price has already been set. That would make Cameco's revenues very predictable, and the share price would be far too ambitious.
The contract could have serious consequences for the uranium market, as the US will now have to tap into the global market to obtain sufficient uranium for its nuclear power plants.
In doing so, Carney has taken a different approach than his predecessor, Trudeau, who suspended trade with India after a Sikh activist was murdered in Canada, possibly by Indian intelligence.
Both countries recognize that together they are stronger against the major powers of China and the US.
.
--- SBBSecho 3.37-Linux
* Origin: Vertrauen - [vert/cvs/bbs].synchro.net (1:103/705)