Why Thieves Love To Steal Catalytic Converters

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Catalytic converters are contraptions that aid in the reduction of certain hazardous emissions. As a result, demand for vehicles equipped with these converters has increased, resulting in a scarcity of its key component, a ceramic “honeycomb” holding platinum, palladium, and rhodium. These are already-precious metals that have become much more expensive due to the mine closures caused by COVID-19. Thus, because the catalytic converter industry is largely based on recycled metals, catalytic converter theft is on the rise, with thieves selling them on the black market for a profit. Read full article here

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