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Demand for precious metals drives surge in catalytic converter thefts

26 April 2021
 

Catalytic converter thefts have grown in frequency amid a spike in the value of precious metals.

Catalytic converters contain metals such as platinum and rhodium which fetch high prices on the black market.

Research by the RAC and insurer Ageas found the crime now accounts for three-in-10 thefts from private vehicles in the UK, up from two-in-10 before the pandemic.

The research compared thefts during the first three months of the year, compared with the period between October and December...

+73% more

 

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