ERA Confident Uranium Demand Will Grow Despite 50 Percent Loss

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.

Click here to read the full IBTimes report.