NPT
Nuclear Non-Proliferation Treaty
Nuclear Non-Proliferation Treaty (1970, 191 parties) commits non-nuclear states to IAEA safeguards and nuclear-weapon states to disarmament.
NPT pillars: non-proliferation, disarmament, peaceful use. It requires Comprehensive Safeguards Agreements (CSAs) for verification via inspections, material accountancy, and monitoring. NPT Review Conferences occur every 5 years; 2026 marks 56th anniversary.
Why it matters now
IAEA safeguards underpin 2025-2026 HALEU imports and SMR fuel cycles, addressing proliferation risks in advanced reactor supply chains.
Related stocks
CCJ