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Recyclers remove and recycle this mercury before the vehicles are shredded to prevent it from escaping into the environment. In 2007, over 2,100 pounds of mercury were collected by 6,265 recyclers. [3] Consumers can also financially benefit from recycling certain car parts such as tires and catalytic converters. [6]
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Rising metal prices in the U.S. during the 2000s commodities boom led to a significant increase in converter theft. A catalytic converter can cost more than $1,000 to replace, more if the vehicle is damaged during the theft. [52] [53] [54] Apart from damaging other systems of the vehicle, theft can also cause death and injury to thieves. [55]
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.
In the US, scrap prices are reported in a handful of publications, including American Metal Market, based on confirmed sales as well as reference sites such as Scrap Metal Prices and Auctions. Non-US domiciled publications, such as The Steel Index , also report on the US scrap price, which has become increasingly important to global export markets.
The motion, which passed by a vote of 8-to-4 last Tuesday, stipulated that nearly 8,000 catalytic converter components had been stolen across Los Angeles in 2022, a 728 percent spike since 2018.
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