Catalytic converter thefts are on the rise, and the crime increase is fueled by a number of factors.
St. Louis catalytic converter thefts were eight times higher in 2020 than years past. Lexington, SC and Wichita, KS both reported triple their typical numbers for 2020. Some cities don’t have detailed data available, but in general, the numbers are up across the board.
Prices for the valuable and precious metals needed for emissions controls found inside catalytic converters are rising. The NYT points out two materials found within converters in particular: palladium and rhodium. Palladium was worth about $17/gram five years ago, but hit $100/gram in 2020. Rhodium was $21/gram five years ago, but skyrocketed all the way up to $785/gram recently. Both of these materials are found in catalytic converters, so it’s no wonder that thieves want them. A greater demand for these metals from countries like China and others with emerging automotive markets that are pushing more emissions controls has pushed the prices up.
St. Louis catalytic converter thefts were eight times higher in 2020 than years past. Lexington, SC and Wichita, KS both reported triple their typical numbers for 2020. Some cities don’t have detailed data available, but in general, the numbers are up across the board.
Prices for the valuable and precious metals needed for emissions controls found inside catalytic converters are rising. The NYT points out two materials found within converters in particular: palladium and rhodium. Palladium was worth about $17/gram five years ago, but hit $100/gram in 2020. Rhodium was $21/gram five years ago, but skyrocketed all the way up to $785/gram recently. Both of these materials are found in catalytic converters, so it’s no wonder that thieves want them. A greater demand for these metals from countries like China and others with emerging automotive markets that are pushing more emissions controls has pushed the prices up.
