The US must take “immediate and bold action” to strengthen the uranium industry and restore the viability of the entire front-end of the nuclear fuel cycle, including establishing a uranium reserve that will provide assurance of availability, a government report has concluded.

The Nuclear Fuel Working Group report, requested by president Donald Trump, argues that measures to buoy the struggling industry will allow for a rebirth of nuclear power in the US while disrupting China and Russia’s hold on the overseas market for reactors.

“Simply put, it is within our power to pull America’s nuclear industrial base from the brink of collapse and restore our place as the global leader in nuclear technology, ensuring a strong national security position and buttressing our strength for generations to come,” the report says.