Australian uranium for Australia, not India

Thursday 9 July 2026

This is reckless beyond belief.

Greens spokesman on foreign affairs David Shoebridge has expressed concerns that a recent deal between Australia and India to export uranium could buttress India’s nuclear weapons program.

On Thursday, Modi declared Australia’s uranium reserves were critical to helping India meet its ambition to build more nuclear plants and energy, and lauded the growing ties between the two countries, as he and Albanese signed a raft of agreements to deepen defence co-operation and upgrade trade ties between Canberra and New Delhi.

“Our concerns remain as they’ve always been about the trade in uranium, and our concerns are actually what Anthony Albanese’s concerns were in 2011 when he opposed this when it was being pushed through Labor under the Gillard government,” Shoebridge told ABC’s News Breakfast.

India is not in the NPT and Modi runs a fundamentalist Hindu nutjob government. Enough said.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.