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This study is part of a series of reports the Project on Managing the Atom has produced on China’s nuclear future, particularly management of nuclear material and the nuclear fuel cycle. Other reports in the series have focused, respectively, on China’s access to uranium resources, China’s uranium enrichment capacity, and China’s efforts to secure its nuclear weapons, materials, and facilities. In this report, we focus on the question of reprocessing spent nuclear fuel in China, examining in particular how much electing to reprocess that fuel might cost.