IBTimes reported Energy Resources of Australia (ASX:ERA) said consumer interest in uranium will be renewed, despite posting a net loss of more than 50% in the first half of 2012.
As quoted in the market news:
The 2011 Fukushima nuclear disaster may have spooked the nations into the efficiency and safeness of nuclear power, nevertheless, countries will still consider it as a viable alternative power source.
China is expected to become one of the largest uranium consumers within the decade, as it constructed 26 nuclear reactors.
