Saudi Arabia to Enrich Uranium and Produce Yellowcake, Energy Minister Announces

Jan 13, 2025, 09:48 AM

Saudi Arabia plans to enrich uranium and produce yellowcake for sale, as part of its efforts to monetize its mineral resources and diversify its energy portfolio. Saudi Energy Minister Prince Abdulaziz bin Salman announced on Monday at an industry conference in Dhahran that the kingdom intends to enrich uranium and produce yellowcake, a powdered form of uranium concentrate used in the preparation of nuclear fuel. The move signals Saudi Arabia's ambitions to expand its nuclear program and become a key player in the nuclear energy sector.