Nassau County Police Department is investigating the theft of nearly a dozen catalytic converters from cars in a span of four days — a prime illustration of the nationwide spike in thefts of the vehicle component, which can fetch big bucks on the scrap market.
A catalytic converter is a large metal device installed on the car's exhaust system that filters hazardous gasses from the engine. It contains precious metals such as rhodium, palladium, and platinum. One ounce of rhodium was recently priced at nearly $18,000, according to"As the value of the precious metals remains high, so do the number of thefts of these devices,"
. "There is a clear connection between times of crisis, limited resources, and disruption of the supply chain that drives these thefts."
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