Is spent nuclear fuel recyclable?

I am sitting in a conference in Stockholm about nuclear waste. There are speakers from organisations from all over the world including the International Atomic Energy Agency, the Japan Atomic Energy Agency, delegates from many non-governmental organisation, engineers, and academics studying subjects such as nuclear physics, ethics, and geology.
Conference audience
Gene Rowe of the US Nuclear Waste Technical Review Board gave a highly technical presentation about the prospects of dealing with nuclear spent fuel in the USA via a combination of reprocessing and disposal. I got chatting to him afterwards, and asked him about a claim I have heard repeated many times in South Africa.

95% recyclable?

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