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This is the value of valuable materials stolen from catalytic converters on the black market

Catalytic converter theft has become more prevalent in recent years, particularly in the United States, due to the availability of highly sought-after precious metals on the black market. Let's take a closer look at this phenomenon and the value of these materials.

The crucial role of the catalytic converter

The catalytic converter is an essential component for reducing vehicle pollution. It chemically modifies engine exhaust gases before they leave, thus reducing the proportion of polluting gases such as:

  • Carbon monoxide
  • Hydrocarbons
  • Nitrogen oxides
  • The valuable materials contained in the catalytic converter

    The catalytic converter contains a ceramic panel impregnated with a coating of precious metals:

  • Palladium
  • Rhodium
  • Platinum
  • These metals react with harmful gases from the engine, producing less polluting noble or inert gases.

    The value of materials on the market

    The prices of these precious metals fluctuate depending on the market. Here are their current approximate values:

  • Platinum: around 29.61 euros per gram
  • Palladium: around 39.78 euros per gram
  • Rhodium: considerably more expensive than gold, which is currently at 1,744.92 euros per ounce
  • Each catalytic converter may contain:

  • 1 to 2 grams of platinum (worth around 60 euros)
  • 1 to 2 grams of palladium (worth around 80 euros)
  • Why are catalytic converters targeted by thieves?

  • The high value of the precious metals they contain
  • The relative ease of their flight
  • The existence of a black market for these materials
  • The possibility of reintroducing these materials into the legal recycling circuit
  • Recycling of catalytic converters

  • The average lifespan of a catalytic converter is approximately 10 years.
  • After this period, it loses its effectiveness but the precious metals retain their properties
  • Recycling is carried out by specialized and authorized companies
  • The process of extracting precious metals is complex
  • This phenomenon of catalytic converter theft highlights the importance of protecting your vehicle, but also the need to develop more sustainable alternatives that are less attractive to thieves in the automotive industry.