Saudi Arabia to Enrich Uranium and Produce Yellowcake for Sale, Says Energy Minister

Jan 13, 2025, 09:10 AM

Saudi Arabia plans to enrich and sell uranium, as announced by the country's Energy Minister, Prince Abdulaziz bin Salman. Speaking at an industry conference in Dhahran, the minister stated that Saudi Arabia intends to monetize all its mineral resources, including uranium, by enriching it and producing 'yellowcake,' a powdered concentrate used to prepare uranium fuel for nuclear reactors. This move is part of Saudi Arabia's strategy to diversify its energy portfolio, amid its nascent nuclear program which aims to expand into uranium enrichment.