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Jul 25, 2014 - The spot uranium price inched up this week in response to increased offer prices by sellers. Transaction volume remains low with only four spot transactions are reported for the week. Several utilities have been monitoring market conditions for the past few months and are now expressing interest in potential purchases. Offers are due August 18, to a US utility seeking up to 500,000 pounds U3O8 or uranium contained in UF6 for September delivery. TradeTech’s Weekly U3O8 Spot Price Indicator increased $0.20 to end the week at $28.50 per pound U3O8, up $0.10 from the July 24 Daily U3O8 Spot Price Indicator. Meanwhile, market participants continue to watch developments in the lawsuit filed by US-based convertor ConverDyn, which challenges the US Department of Energy’s inventory  transfers, and ConverDyn’s request for injunctive relief.  The court has scheduled a hearing for Tuesday, July 29. read more