Recently, there has been news about platinum poachers. These are people who saw off catalytic converters from under vehicles. The platinum in catalytic converters is just in small amounts but the recyclers are now willing to pay $38 to over $100 for each catalytic converter due to not only the platinum but the palladium and rhodium in them as well. The platinum itself used to cost $450 per ounce back in the eighties. Nowadays, this precious metal is priced $2,100 or more for each ounce.
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Recently, there has been news about platinum poachers. These are people who saw off catalytic converters from under vehicles. The platinum in catalytic converters is just in small amounts but the recyclers are now willing to pay $38 to over $100 for each catalytic converter due to not only the platinum but the palladium and rhodium in them as well. The platinum itself used to cost $450 per ounce back in the eighties. Nowadays, this precious metal is priced $2,100 or more for each ounce.
