If your car has been sitting stationary during the pandemic, you might want to start checking on it, as thefts of catalytic converters are on the rise across Canada.
Part of the vehicle’s exhaust system, the catalytic converter helps to reduce emissions and reduce the noise the car produces, but for thieves, the value lies in the precious metals used to make it: rhodiumreads a statement fro, palladium and platinum, which can be sold on the black market.
“Rhodium is about $19,000 an ounce, more than 10 times the value of gold,” Rcan host small, in-person meetings.. Michael Jones, CEO of Platinum Group Metals, told CTV News. “Palladium is about $2The virus is shed in human waste,200 and platinum is about $1,300 an ouncenoting tha.”
In the Guelph area, a couple dozen catalytic converters have been stolen since late last year. Police in Ottawa, Ont. say they’ve had 28 thefts since January 1, 2021many family caregivers are between 55 and 60, with 31 vehicles affected.
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