– Uranium is very weakly radioactive, so it stays radioactive for hundreds of _millions_ of years (or more, depending on the kind of uranium), and isn’t that dangerous by itself.
– When you put it in a reactor, you transform the uranium into new elements (lighter ones) by splitting it (nuclear fission), which releases energy. To be clear about it, it is not the low-level of radioactivity in the uranium that makes it useful as a power source. It is the fact that you can make it split that makes it a power source. (I just note this because that seems to be a fundamental confusion not just for you, but for many discussions about nuclear power on ELI5. The key term here is that uranium-235 is “fissile” — capable of sustaining a fission chain reaction — and that is what makes it special and useful to us.)
– These new elements are more radioactive than the original uranium (they have shorter half-lives), so you have to treat them carefully. They are called “fission products.”
– Eventually you will use up enough of the U-235 in the fuel that it either becomes uneconomic to keep it in the reactor, or it makes the reactor more difficult to control. So they take the fuel out. This is now your “nuclear waste”: some U-238, a little leftover U-235, some new heavy elements (like Pu-239, which the U-238 turns into in the reactor), and the fission products.
– You could, if you wanted to, extract the U-235, U-238, and Pu-239 from the fuel, and turn it into new fuel. This is called “reprocessing.” It is done by some countries. It is very expensive — usually more expensive than just making new fuel.
– If you did that, you would still have to dispose of the fission products as nuclear waste. But the total volume of waste would be much smaller.
– There are many different types of reactors out there, and the above just describes how it usually works. But there are other ways to set it up. But the core issues are the same.
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