Report from the Iranian news agency
There is always talk about Iran and nuclear weapons and the market doesn’t usually react. Why? Because it’s all scare tactics.
Uranium needs to enriched to around 90%.
From Wikipedia:
“Uranium as it is taken directly from the Earth is not suitable as fuel for most nuclear reactors and requires additional processes to make it usable. Uranium is mined either underground or in an open pit depending on the depth at which it is found. After the uranium ore is mined, it must go through a milling process to extract the uranium from the ore. This is accomplished by a combination of chemical processes with the end product being concentrated uranium oxide, which is known as “yellowcake”, contains roughly 60% uranium whereas the ore typically contains less than 1% uranium and as little as 0.1% uranium. After the milling process is complete, the uranium must next undergo a process of conversion, “to either uranium dioxide, which can be used as the fuel for those types of reactors that do not require enriched uranium, or into uranium hexafluoride, which can be enriched to produce fuel for the majority of types of reactors”[3]. Naturally-occurring uranium is made of a mixture of U-235 and U-238. The U-235 is fissile meaning it is easily split with neutrons while the remainder is U-238, but in nature, more than 99% of the extracted ore is U-238. Most nuclear reactors require enriched uranium, which is uranium with higher concentrations of U-235 ranging between 3.5% and 4.5%.”