SKY HIGH METAL PRICES PROMPT CATALYTIC CONVERTER THEFTS
January 1st, 2008
BY MARK ROWE
SKY high prices for precious metals have prompted a rise in thefts of catalytic converters from a wide range of motor vehicles; the problem is so serious that the British Metals Recycling Association (BMRA) has linked up with the Association of Chief Police Officers of England, Wales and Northern Ireland (ACPO) to tackle the issue.
The average catalytic converter contains one to two grams of three precious metals - platinum, palladium, and rhodium and the international prices of these metals have risen by 67%, 200%, and 600% respectively in the past ...
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