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Palladium

Some metal prices are finally down, a potential deterrent for catalytic converter thefts

by Ali Budner
Aug 7, 2023
Lower palladium prices might also lead to fewer catalytic converter thefts, which spiked when the metal fetched a premium.
The high price of palladium led to a rise in catalytic converter theft, said metal trader David Holmes, but that trend might be turning around.
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The war in Ukraine could make stealing catalytic converters more lucrative for thieves

by Sabri Ben-Achour
Mar 22, 2022
They're valuable in part because the palladium inside is expensive. And Russia provides much of the world's palladium.
"You can get anywhere from $60 to $100 in recycling a catalytic converter, but you end up costing the victim thousands of dollars in repairs," says Avo Bagramyan of Automotive in Los Angeles.
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