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Catalytic converters

Some metal prices are finally down, a potential deterrent for catalytic converter thefts

by Ali Budner
Aug 7, 2023
Lower palladium prices might also lead to fewer catalytic converter thefts, which spiked when the metal fetched a premium.
The high price of palladium led to a rise in catalytic converter theft, said metal trader David Holmes, but that trend might be turning around.
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Thefts of catalytic converters keep surging. That's costing drivers and insurers.

by Megan Jamerson
Jun 2, 2023
As trace metals become more valuable, thefts keep climbing, causing headaches for drivers, mechanics and insurance companies.
A car mechanic installs a catalytic converter to control pollutants. Thefts mushroomed between 2018 and 2022, according to the National Insurance Crime Bureau.
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The war in Ukraine could make stealing catalytic converters more lucrative for thieves

by Sabri Ben-Achour
Mar 22, 2022
They're valuable in part because the palladium inside is expensive. And Russia provides much of the world's palladium.
"You can get anywhere from $60 to $100 in recycling a catalytic converter, but you end up costing the victim thousands of dollars in repairs," says Avo Bagramyan of Automotive in Los Angeles.
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