The supply chains for nuclear energy, end-to-end, now run through China and Russia.

The BRICS countries dominate the mining and enrichment of uranium into reactor fuel, and North American and European utilities rely on imports of that fuel to power their economies.

China today is building more reactors than the rest of the world, combined, and while new plant construction has stalled across North America and Europe, China can develop 50 reactors simultaneously.

Russia and China are also the world’s leading exporters of reactors, which are electrifying new power grids across Asia, Africa, and South America.