A catalytic converter is a device that is installed in a vehicle’s exhaust system.
The catalyst’s job is to speed up the removal of pollutants. It has a catalyst that allows pollutant gases to be converted into less hazardous gases.
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Platinum or a platinum-like metal such as palladium or rhodium is used as the catalyst.
A catalytic converter is a large metal box with two pipes that are bolted to the underside of your car.
Since the 1970s, this device has been available in vehicles.
The catalytic converter is extremely valuable due to the precious metals, such as platinum, or platinum-like materials, such as palladium or rhodium, that are contained in the converter. As a result, the more expensive a material is, the more costly it is to replace it.
The contents of the catalytic converter are highly sought after due to the depreciation of the naira and the rise in the price of precious metals such as platinum and palladium.
he pieces have become an uncommon goldmine for thieves, who can sell them to car parts wholesalers or scrapyards for thousands of naira. Catalytic converters can be melted and the highly valuable metals, like palladium and rhodium, extracted.
To understand why catalyst converters are attractive to thieves, its important for us to know how much they cost in open markets.
For an average Toyota Corolla, its catalytic converter (it’s content) can currently fetch between N45, 000 to N130, 000.