"nuclear waste."
The United States has about 75,000 metric tons of so called "nuclear waste."
When a fuel rod in a nuclear reactor is removed because it can no longer be made to critical, about 95% of the uranium remains unchanged. The U-235 is
not entirely depleted, but in fact remains slightly enriched with respect to natural uranium, having an enrichment of around 0.9 % to 1% U-235. As such this uranium could be immediately be used to fuel a CANDU type reactor. It could also be subject to re-enrichment to obtain more highly enriched fuels. About 95% of a spent fuel rod is uranium, meaning that 71,250,000 kg remaining, worth about $50/kg. The value of this material is thus about 3.6 billion dollars.
One prominent fission product formed by the fission of uranium is Ruthenium. When uranium-235 is fissioned about 17% of the fission events yield a stable isotope of ruthenium. The price of ruthenium is roughly 85 USD per troy oz. or $2576/kg. The total quantity of fission products represents about 675,000 kg for a total value of $1,668,000,000. In order to sell this ruthenium, one would be advised to wait 15 years in order for any Ru-106 (half life 373.59 days) to decay to background before using the remaining ruthenium in open systems.
Another prominent fission product is rhodium. Rhodium results from about 3% of the fissions and is represented by 114,000 kg of this important catalytic metal, easily outstripping the world supply from mining, which represents about 3000 kg/per year. The price of Rhodium is $2,740/troy oz or $83,000/kg. Thus the total value of Rhodium that could be obtained from so called nuclear waste is about 9.5 billion dollars.
Another prominent fission product is palladium metal. Palladium obtained from nuclear reactors containing the long lived isotope Pd-107 which has a half life of 6,500,000 years. The long half-life and low fission yield with respect to other isotopes lead to a mild specific activity for this metal of 4 millicuries per gram. This will require the use of this palladium in closed systems, such as large continuous chemical reactors for certain hydrogenation reactions or in the catalytic cracking of future synfuels. The current price of palladium is $198/troy oz. or $6000/kg. Thus the total value of the palladium in spent nuclear fuel in the United States is around $361,000,000.00. Some uncontaminated palladium-106 can be found from the decay if ruthenium 106 as described above.
So called "nuclear waste" typically contains 1% plutonium, which sells for about $1000/kg. Thus there are $7,500,000,000 worth of plutonium in nuclear reactors. There are certain configurations in which plutonium can be used to greatly extend the burn-ups of nuclear fuels, yielding fuels that provide as much as 150,000 MW-days/ton of heavy metal. This compares with typical fuel performance in the 30,000-40,000/MW-d/THM in modern day reactors.
Thus the total value of the nuclear materials found in the accumulated spent fuel in the United States is roughly 22.5 billion dollars. There are some other substance is this so called waste that could easily be made to have economic value.
Sources:
http://www.platinum.matthey.com/producer_index.htmlhttp://atom.kaeri.re.kr/The calculations are mine, and are simplified with respect to certain minor effects in the normal fuel depletion equations, which must be solved analytically.