Uranium names ran hot on Friday on the back of Trump’s executive orders to accelerate nuclear development. The miners jumped most, given increased capacity means increased uranium demand in an already tight market, as highlighted in our initial look at the nuclear value chain.

The capacity buildout should come in addition to a huge refurb cycle…

… which has driven massive growth in the backlog of construction & engineering firms like AtkinsRealis (ATRL, up 4% on Friday).

But more interesting is how supply chains will reorient around the changing geopolitical landscape, given the industry’s reliance on “unfriendly” tech.