Public Service reported the development and growth of nuclear power will drive the uranium market forward despite the Fukushima nuclear disaster in March 2011.
As quoted in the market news:
Although the accident at Fukushima has had repercussions for nuclear power in several countries, the ever-increasing global demand for electricity and the need to decarbonise electricity generation means that nuclear energy is set to experience strong growth in rapidly developing parts of the world. Alongside this demand for nuclear power, the demand for uranium – the fuel which powers nuclear energy production – is also set to rise. These are some of the findings of the new report Uranium 2011 – Resources, production and demand - also known as the ‘Red Book’.