[Cody Reeder] noticed that the weight of platinum in a catalytic converter taken from a scrap ... with sweeper trucks could have the metal extracted at a more profitable level.

We also know the these devices are targets for thieves seeking the platinum (and other metals like palladium and rhodium) found inside. Now we know exactly how catalytic converters work and the ...

Most of it is extracted as a byproduct in the mining of other metals, usually platinum and nickel. Its key commercial use is as a critical component in catalytic converters - a part of a car's ...

contain exhaust systems with catalytic converters. To complete such a speedy and high-powered chemical recomposing process, certain elements are involved, namely Platinum (Pt), Palladium (Pd), and ...

Catalytic converters contain metals such as platinum and rhodium which fetch high prices on the black market. When values of these metals go up it usually leads to a spate of thefts, the RAC and ...

Precious metals recycler says its hurricane-damaged facility in Greeneville, Tennessee, is back online and some workers have been recalled. Regenx says flooding in and near Greeneville, Tennessee, ...

Palladium costs nearly $3,000 per ounce, and platinum costs about $1,128 per ounce. Twenty-six states proposed bills in 2021 to prevent catalytic converter theft, with 10 states passing legislation.