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A catalytic converter is an exhaust emission control device which converts toxic gases and pollutants in exhaust gas from an internal combustion engine into less-toxic pollutants by catalyzing a redox reaction. Catalytic converters are usually used with internal combustion engines fueled by gasoline or diesel, including lean-burn engines, and ...
The devices are typically much more valuable to the theft's victim: "it can cost between $1,000 and $3,500 or more to replace a catalytic converter that is stolen, depending on the type of vehicle." [5] In 2022, catalytic converter thefts costs victims over $382,000,000. [6]
Before this rally began, palladium prices had never exceeded $1,100. In the futures market, prices indicate buyers fear a lack of ready supply. Critical catalytic converter metal shortages send ...
The price for palladium reached an all-time high of $2,981.40 per ounce on May 3, 2021, [95] [96] driven mainly on speculation of the catalytic converter demand from the automobile industry. Palladium is traded in the spot market with the code "XPD".
Feb. 26—Just days after paying $5,000 for a Honda CR-V, Zeke Wilt was looking forward to taking his newly inspected vehicle home last month. But when the West End native fired up his car last ...
The primary use of this element is in automobiles as a catalytic converter, changing harmful unburned hydrocarbons, carbon monoxide, and nitrogen oxide exhaust emissions into less noxious gases. Of 30,000 kg of rhodium consumed worldwide in 2012, 81% (24,300 kg) went into this application, and 8,060 kg was recovered from old converters.
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