Russia’s invasion of Ukraine has shaken the global market for uranium, a critical fuel for nuclear-power plants, prompting some in the U.S. to propose reviving domestic production.
Russia enriches more uranium for use in nuclear plants than any other country in the world. Its increasing economic isolation following its attack on Ukraine—and talk of potential added sanctions on Russian uranium—have exposed the fragility of global nuclear-fuel supplies, which are controlled by a handful of countries.