![]() While that's down 43% compared to the same time in 2022, converter thefts are still 21% higher than four years ago. in the first six months of 2023, according to BeenVerified. More than 26,000 catalytic converter thefts were reported in the U.S. Rhodium is averaging $135 a gram and palladium is selling for about $38 a gram, as of October 2023. While the market value of these metals has decreased, they still can fetch a pretty penny. The average catalytic converter contains about 1-2 grams of rhodium, about 3-7 grams of platinum, and between 2 and 7 grams of palladium. They are made with the precious metals platinum, palladium and rhodium, which skyrocketed in value due to supply chain issues during the COVID-19 pandemic. The converter will turn these into oxygen, water vapor and carbon dioxide (which is less harmful than carbon monoxide).įind out more about what catalytic converters do Catalytic converter theftĬatalytic converters are stolen for money. This is done by exposing these emissions to chemicals and metals inside the converter to help transform toxic pollutants, such as carbon monoxide, nitrogen dioxide, nitrogen oxide and volatile organic compounds. The catalytic converter is a small cylindrical (sometimes flat) metal casing with two openings that's wider than an exhaust pipe and looks like a muffler.ĭiscover more basics of catalytic converters What does a catalytic converter do?Īn operating vehicle generates lots of fumes and gases - or emissions - which is why a catalytic converter's objective is to help reduce the amount of pollution and toxins coming out of the tailpipe. They are usually located underneath the car in the exhaust between the engine and muffler. Catalytic converters are placed as close as possible to the engine because they require a temperature of 400 degrees Celsius (752 degrees Fahrenheit) to operate effectively. ![]() A catalytic converter is a device that converts harmful exhaust gases into less harmful compounds before they are released into the atmosphere. ![]()
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