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Catalytic converters are getting stolen from cars worldwide as prices of rare metals in the car parts hit record highs this year. Thieves are targeting car parts as precious industrial metals have ...
Scrap vehicles at Barry Docks. The process of recycling a vehicle is extremely complicated, as there are many parts to be recycled and many hazardous materials to remove. Briefly, the process begins with incoming vehicles being inventoried for parts. The wheels, tires, battery, and catalytic converter are removed. Fluids, such as engine coolant ...
From 2020 to 2022, an organized criminal group stole and then resold catalytic converters through the United States. The regional theft rings sent their stolen catalytic converters to DG Auto Parts in Freehold, New Jersey, who removed the precious metals from them and ground them into dust.
Rising metal prices in the U.S. during the 2000s commodities boom led to a significant increase in converter theft. A catalytic converter can cost more than $1,000 to replace, more if the vehicle is damaged during the theft. [52] [53] [54] Apart from damaging other systems of the vehicle, theft can also cause death and injury to thieves. [55]
A new law in Oklahoma regulates the sale of catalytic converters, which are a popular target for thieves, to metal recyclers. ... to metal recyclers. Skip to main content. Sign in. Mail. 24/7 Help ...
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Scrap metal and spare part prices may also influence thieves to prefer older vehicles. [10] ... 2020–2022 catalytic converter theft ring; References
Tin scrap in the U.S. generally goes for $110 per ton on today's open market. The value of a single tin can would calculate as a fraction of a cent as a result. What are the latest scrap metal prices?
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