Thieves are After Your Catalytic Converter

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Metal prices are soaring. And, police say, thieves are after your catalytic converter.

Thieves are targeting catalytic converters because they contain trace amounts of platinum, palladium, and rhodium – all of which a crooks can sell for around $200 a pop. According to MSNBC, rhodium is one of the most expensive metals on the market, running for as much as $6,000 an ounce.

Jennifer Krings, a spokeswoman for AAA, said, “These thieves are targeting shopping malls, school parking lots, busy business districts, and they are hitting these places in the daylight. A lot of the large passenger cars — SUVs, trucks and vans — have two, so those are a target.

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