At the moment, no. But the economics are likely to change over the next century or so. Which means that reprocessing should definitely be taken into account when determining how long spent fuel needs to be stored. Requiring storage facilities to be good for ten thousand years or more is not reasonable given that it will be economical to reprocess it long, long before then.
Check out all this seawater extraction progress [1].
however, neither your link nor anything from a reputable site that i've found through google says anything about costs or current industrial production. do you have any data to back up your claim of low cost, or is that claim purely speculation on your part ?
unless there's data that i've missed, it doesn't sound like seawater extraction is currently economically viable
We're comparing long term scenarios here: reprocessing vs. seawater extraction. The reprocessing + hot refabrication process has been done and is extraordinarily expensive. If seawater extraction at scale is indeed viable, it's long term prospects in my view are way better than reprocessing.
https://inis.iaea.org/collection/NCLCollectionStore/_Public/...
You'd need a really reliable launch process like a space elevator to do this without worrying about dispersing it around in the atmosphere. It's worth talking about but it's hard to imagine a socially-acceptable pathway at the moment. Deep geologic repositories are safe and known. We should just use them.
Deep geological waste repositories are fine. Lets get those operating safely so we can answer the "what do you do with the waste" problem definitively and then move on. Reprocessing may make sense again sometime in the future but for now we need the prereq of deep storage. I agree with Frank von Hippel in this case [1].
[1] http://npolicy.org/userfiles/image/The%20Costs%20and%20Benef...