The US nuclear industry could face a major setback due to Russia’s temporary restriction on enriched uranium exports. This move is likely a strategic pressure tactic by Russia, a key player in the global uranium market controlling nearly half of the world’s enrichment capacity. US nuclear reactors obtain almost 80% of their enriched uranium from Russia, and the vulnerability of the US nuclear sector highlights the need for a coordinated global response to reduce dependence on Russian supplies.
The Biden administration has started a multibillion-dollar program to rebuild US uranium enrichment capacity, but a long-term solution will require industry cooperation and commitment from nuclear energy stakeholders.