Centrus Energy Corp. (LEU) has spent most of the past year behaving like a reminder that “nuclear fuel supply chains” are not, in fact, boring plumbing. They’re geopolitics, industrial policy, national security, and—when investors decide to notice—violent stock moves. As of Dec. 20, 2025, the latest catalyst for Centrus Energy stock is the company’s announcement that it has begun domestic centrifuge manufacturing to support commercial low-enriched uranium (LEU) enrichment tied to its planned expansion in Piketon, Ohio. The news helped re-ignite the bull case around Centrus as a potential cornerstone of U.S.-owned uranium enrichment capacity, especially with Russian enriched uranium