Uranium to Recover as China’s Nuclear Plans Offset Fukushima

- May 23rd, 2011

Bloomberg.com reports on the uranium sector to recover in the long term.

Bloomberg.com reports on the uranium sector to recover in the long term.

The market news is quoted as saying:

“The question is whether what happened in Japan with older-generation reactors justifies not building newer, safer reactors, and to me the answer is no,” Spencer Abraham, a former U.S. energy secretary who is now non-executive chairman of Areva SA, the largest nuclear-equipment producer, said in a May 17 telephone interview from Washington. “China recognizes they can’t satisfy the growth in electricity demand in a single dimension and they really need a diverse group of sources.”

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