Pricier than gold: why thieves in Malaysia want your car’s catalytic converter
Thieves in Malaysia are increasingly targeting catalytic converters from vehicles due to the high value of precious metals like platinum, palladium, and rhodium contained within. These metals are more expensive than gold, making the converters lucrative targets for theft. The surge in thefts has prompted concern among car owners and authorities, especially as replacements can be costly and repairs time-consuming.
- ▪Catalytic converters contain precious metals such as platinum, palladium, and rhodium, which are more valuable than gold.
- ▪Thefts of catalytic converters in Malaysia have risen sharply due to the high market value of the metals inside.
- ▪Replacing a stolen catalytic converter can cost thousands of ringgit and cause significant inconvenience for vehicle owners.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.