The three precious metals that are commonly used in catalytic converters — platinum, palladium and rhodium — sell for high prices , making them an appealing target for theft. Platinum sold for about $1,100 per ounce in 2021, and palladium sold for nearly $2,400 per ounce in 2021, according to cars.com. Aug 9, 2022
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Thieves steal catalytic converters because the metals found inside the devices are valuable and also because they are easy to steal. Catalytic converters have ... How do thieves steal a... · Will my alarm go off if... · How do I prevent people from...
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Feb 13, 2022 · Money is the main reason catalytic converters are often stolen. They contain three metals that aid in the chemical reaction that makes exhaust ...
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Apr 12, 2022 · According to multiple sources, money is the main motivation for people stealing catalytic converters. According to NJ.com, they have precious ...
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Jan 7, 2022 · If you're curious why people steal catalytic converters, it comes down to money and how easy it is. The National Insurance Crime Bureau (NICB) ...
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Aug 12, 2022 · Catalytic converters contain numerous rare earth metals, such as platinum, palladium, or rhodium, according to the NICB. Those rare earth metals ...
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May 22, 2022 · Though thefts have been reported across vehicle types, Toyota Priuses tend to be targeted because their catalytic converters contain more ...
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Sep 21, 2021 · Thieves are motivated to steal catalytic converters because they contain precious metals, such as platinum and rhodium. Then, the thieves often ...
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Duration: 2:21 Posted: Aug 11, 2022 VIDEO
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Apr 30, 2021 · But rising prices for some metals has led to a jump in them being stolen, and some unique theft prevention methods.
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The main reason that catalytic converters are stolen is because they're valuable to scrap metal dealers. They contain precious metals, including rhodium, ...
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Catalytic converters are designed to act as a line of defense against harmful exhaust emissions by turning pollutants into harmless gasses.
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May 24, 2022 · Why are people stealing them? ... Thieves target catalytic converters because of the value of the metals found inside the devices. Catalytic ...
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Mar 17, 2022 · Bryan Gast, who works for an insurance fraud prevention agency, says it's largely due to the climbing prices of the precious metals found inside ...
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Jun 15, 2022 · According to the National Insurance Crime Bureau (NICB), catalytic converter theft has spiked dramatically due to three precious metals found ...
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