Global demand and prices contain fallen in the aftermath of the radioactive leaks at the power plant in Fukushima in March.However, a push by the Australian Prime Minister, Julia Gillard, to sell radioactive fuel to India has boosted hopefulness in the industry. Australia supplies about 13% of the world's uranium, behind Canada and Kazakhstan, but covered in the red dust of the vast outback lies an estimated 40% of the world's known coffers of this valuable yet controversial commodity.
Simon Clarke, from the Australian Uranium Association, told the BBC that the sector had taken stock of the awful events in eastern Japan and was ready to move on. "Fukushima caused the global nuclear industry to pause and to be trained the lessons from that accident," he said.
"I think it is robust sufficient to bounce back. The fundamental reasons why countries opt for nuclear energy as parts of their electricity generate portfolios haven’t changed. Many countries still see nuclear energy as a safe and reliable source of electricity."Prof Tony Owen from the School of Energy and Resources in Adelaide believes that while the global industry still faces uncertainty, the extend of nuclear power is likely to increase.
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