High Metals Prices Spur Catalytic Converter Thefts


USA Today - April 25, 2011

As prices for plat­inum, rhodi­um and pal­la­di­um increase, thefts of cat­alyt­ic con­vert­ers rise. Thieves can cut out a con­vert­er in about 12 sec­onds and sell them for up to $150 at scrap yards. Lack of com­mu­ni­ca­tion between law enforce­ment and recy­clers makes the crime even eas­i­er.