The Reason For Recent Catalytic Converter Thefts in Rochester?
Rochester, MN (KROC AM News) - There have been numerous reports of catalytic converter thefts in Rochester in recent months. And it appears to be a national problem.
The New York Times is reporting similar thefts around the country.
The apparent reason for the thefts? Some of the materials used to manufacture the automotive emission-reducing devices.
According to the NY Times story, the costs of what’s called “precious metals” have skyrocketed due to stricter emission controls in numerous countries.
According to the story:
The price of palladium has shot up from $500 an ounce five years ago to nearly $3,000 last year. The price of rhodium went from $640 an ounce five years ago to almost $22,000 this year. Compare these figures to the price of gold as of Thursday morning - $1840 per ounce.
Nearly 100 of the devices were reported stolen in Rochester in November and December - including almost 30 that were removed from trucks at U-Haul Moving & Storage. Costs to replace the devices can be significant, some as high as $3,000 or more.
Rochester Police Capt. Casey Moilanen says the thefts have mostly involved Honda and Toyota vehicles.
Here is a summary of catalytic converter thefts reported in Rochester between July 2020 and Feb. 10, 2021:
- July 4
- August 5
- September 5
- October 7
- November 64
- December 23
- January 9
- February 3
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