Here's how much precious metal thieves can take from your catalytic converter:
Catalytic converters are muffler-shaped devices that are part of the exhaust system that removes harmful pollutants from engine emissions. The inside of a catalytic converter contains a honeycomb structure that is coated with precious metals. Those precious metals act as a catalyst in order to break down those harmful pollutants and convert them into less harmful emissions.
The three precious metals that are most commonly contained inside of a catalytic converter are platinum, rhodium, and palladium. All three have seen spikes in prices as the pandemic surged and as global supply chains slowed. According to, the spot price of Rhodium went from $2,300 per ounce in January of 2019 to over $14,000 per ounce by December of 2020, so it’s not surprising that the NICB recorded thefts in the triple digits.
While a catalytic converter could have precious metals that are valued into the four figures, those prices are not what a thief typically sees. They often sell to a recycler who then turns around and sells them to a facility that can extract the metals. A thief is likely to see less than half of that, but the job is still valuable considering that they can get over $500 for certain models with just a few minutes of work.
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