The Ritter Group and market analysts believe that China, India and South Korea are sticking to their nuclear plans, according to MarketWatch. Meanwhile, Saudi Arabia, the United Arab Emirates, Turkey and Vietnam have also announced new nuclear projects.
Ritter Group projects uranium demand to grow by an average 4% per year through 2014.
- Global X Uranium ETF (NYSEArca: URA)
For more information on uranium, visit our uranium category.
Max Chen contributed to this article.