Philadelphia Inquirer (May 23)
2021/ 05/ 24 by jd in Global News
“Catalytic converter thefts are on the rise nationwide, fueled by record prices for the precious metals in the auto part, which helps gas-powered engines burn cleaner. Demand for the metals, palladium and rhodium, has climbed in recent years as governments pass stricter emissions laws to cut pollution. The auto industry is the metals’ biggest consumer.” In the past five years, palladium has soared from $600 an ounce to $2,900, while rhodium has reached $28,000 an ounce.
Tags: Catalytic converter, Cleaner, Emissions laws, Engines, Gas-powered, Governments, Palladium, Pollution, Precious metals, Record prices, Rhodium, Stricter, Thefts
