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The precious metals found in catalytic converters are drawing less interest from thieves in Ohio. Theft claims for catalytic converters are down this year at State Farm, as the company reported ...
Catalytic converters are getting stolen from cars worldwide as prices of rare metals in the car parts hit record highs this year. Thieves are targeting car parts as precious industrial metals have ...
The catalytic converters of hybrids need more of the precious metals to work properly compared to conventional internal combustion vehicles because they do not get as hot as those installed on conventional vehicles, since the combustion engines of hybrids only run part of the time. [46] [47] [48]
During the COVID-19 pandemic, mining for precious metals decreased significantly, increasing the worth of catalytic converters. Although theft has decreased since its peak in 2022 according to NBC ...
Catalytic converters are targets for thieves because they contain palladium and other rare metals. In the run up to year 2000, the Russian supply of palladium to the global market was repeatedly delayed and disrupted; for political reasons, the export quota was not granted on time. [ 87 ]
Catalytic-converter-equipped vehicles have helped cut other air pollutants by more than 3 billion tons worldwide between 1975 and 2000; of this 1.5 billion short tons was in the United States. Automobiles meet emission standards that required reductions of up to 98+ percent for HC, 96 percent for CO, and 95 percent for NOx compared to the ...
From 2020 to 2022, an organized criminal group stole and then resold catalytic converters through the United States. The regional theft rings sent their stolen catalytic converters to DG Auto Parts in Freehold, New Jersey, who removed the precious metals from them and ground them into dust.
Catalytic converters easy to steal and contain precious metals that can fetch anywhere from $1,000 to $14,000 per ounce on the open market. Converters are used to clean a vehicle’s exhaust ...
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