nuclear-industry trade

Reads the guidance as a managed return toward higher output after the 2025 self-imposed restraint, with sulphuric-acid supply the binding operational risk.

“2026 volumes are expected at 27,500-29,000 tU on a 100% basis, subject to sulphuric acid availability.”

Reports DG Likhachev's target of four foreign start-ups, Turkey, Bangladesh and two China units, calling 2026 potentially a record year if delayed projects finally land.

“First units in Bangladesh and Turkey, plus Tianwan-7 and Xudapu-3 in China, could all start up during 2026.”

Reads the split awards as Washington seeding parallel LEU and HALEU supply chains to end Russian dependence, with the 2028 import-waiver expiry as the forcing deadline.

“The task orders create domestic HALEU capacity and expand US LEU enrichment to cut reliance on Russia.”