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National Insurance Crime Bureau

As Metal Prices Rise, Atlanta Sees Theft of Catalytic Converters

Soaring prices for precious metals contained in some auto components is driving a rash of thefts in coastal Georgia.

The Brunswick News reports 18 catalytic converters have been stolen from three truck rental companies in Brunswick in recent weeks.

Thieves are apparently trying to extract the palladium, rhodium and platinum from the catalytic converters, which help filter and clean up auto emissions.

Because they contain those metals, catalytic converters can be worth hundreds of dollars when sold to scrap dealers and recyclers.

News article: https://www.insurancejournal.com/news/southeast/2021/02/17/601466.htm