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The Nuclear Fuel Cycle is the process of producing energy from nuclear fuel. It begins with the mining and enrichment of uranium ore, which is then used to produce fuel rods for nuclear reactors. The fuel rods are then loaded into the reactor, where they are used to generate heat and electricity. The spent fuel rods are then removed from the reactor and stored in a cooling pond until they can be reprocessed. Reprocessing involves separating the uranium and plutonium from the spent fuel rods, which can then be reused in new fuel rods. The uranium and plutonium can also be used to produce new fuel rods for future use.
The Nuclear Fuel Cycle market is composed of a variety of companies, including uranium mining and enrichment companies, nuclear reactor manufacturers, fuel rod producers, reprocessing companies, and waste management companies. Some of the major players in the market include Areva, Westinghouse Electric Company, General Electric, and Toshiba. Show Less Read more