News about metals and innovations is followed by many people looking to get rich in the field. The presence of platinum and palladium has not gone unnoticed by a great many of them. Many now do not hesitate to sell these parts to make a little cash.
A very attractive purchase price
Given the precious metals that are part of the composition of these car parts, the buyback value is 33 euros per gram, which explains private individuals’ interest in this market. A catalytic converter weighs several dozen grams so the bill can quickly add up and the profits made this way will be very attractive. Scrap dealers are therefore seeing more and more people offering this type of part.
Theft is on the rise
To make big profits, some people do not hesitate to carry out multiple thefts from different vehicles in order to turn their loot into a very large sum. This phenomenon is beginning to worry the police authorities, who carry out numerous arrests every day.
The choice of precious metals for the manufacture of these automotive parts was made taking into account the properties of each, but they are currently the object of much covetousness. Recycling centers are also being much more thoroughly searched for a chance to find a valuable catalytic converter. The future will surely see a significant increase in thefts