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ASX uranium stocks surge after Australia and India sign nuclear supply deal
A new Australia-India civil nuclear supply agreement sent ASX uranium stocks broadly higher on the last trading day of the week.
Australia and India signed a uranium supply agreement, driving a broad rally in ASX uranium stocks on Friday. The deal sent miners across the sector sharply higher as the news emerged.
Gold stocks also gained, adding to the session's momentum. The ASX 200 closed the week with solid gains, lifted by strength in both uranium and gold.
- Australia and India
- Deal parties
- Friday, last trading day of the week
- Session day
- Uranium stocks and gold stocks
- Sectors rallying
- ASX 200 closed with solid weekly gains
- Broader index
Why it mattersThe agreement creates a direct trade channel for Australian uranium into India, potentially boosting revenues for ASX-listed uranium miners.
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