Catalytic converter thefts are dropping. It's no coincidence that metal prices are falling, too

Criminals steal catalytic converters because they contain platinum, palladium and rhodium — all of which have climbed in value in recent years. But as the price of those precious metals have dropped, so has the number of thefts.

Catalytic converter thefts are dropping. It's no coincidence that metal prices are falling, too
A man stands underneath a car, holding onto a part. In the foreground, a new catalytic converter is seen

Criminals steal catalytic converters because they contain platinum, palladium and rhodium — all of which have climbed in value in recent years. But as the price of those precious metals have dropped, so has the number of thefts.