Refineries specializing in recycled precious metals and scrap automotive components typically buy used catalytic converters. As of 2014, prices range from $5 to over $100, depending on size, design, manufacturer, condition and age.Know More
In some cases, even small scrap-metal buyers are happy to buy used catalytic converters for a considerable amount. Catalytic converters became a standard component in many vehicles in the 1975 model year. Manufacturers began including these devices in response to the U.S. Environmental Protection Agency's regulations on vehicle emissions. The purpose of a catalytic converter is to reduce hydrocarbons and carbon monoxide emissions from the burning of gasoline and other fossil fuels. Catalytic converters can be found on both gasoline and diesel engines of all shapes and sizes, from vehicles and forklifts to fixed generators.
Used catalytic converters are particularly valuable as scrap, due to the reactive metal used to catalyze the unconsumed fuel particles. Common metals found in catalytic converters include platinum, palladium and rhodium, all of which are classified as precious metals that have relatively high melt values. As of October 2014, a single ounce of platinum on the New York Stock Exchange was valued at $1,233, with rhodium closing at $1,275 and palladium valued at $760.Learn more about Car Parts & Maintenance
Catalytic converter recycling is the process of removing valuable metals from a broken device, such as platinum, rhodium, and titanium, so they can be reused in other products. Because of the value of the minerals used in converters, recycling them can be very lucrative.Full Answer >
A catalytic converter uses a blend of metals to absorb unburned hydrocarbons in gasoline-engine exhaust fumes and reduce pollution. Symptoms of a bad catalytic converter include exhaust noise, drivability issues and odors.Full Answer >
Palladium is mainly used in catalytic converters for vehicles and other machines that have engines. The metal acts as a catalyst and aids in the conversion of harmful pollutants in the engine’s emissions to less harmful substances. This ensures that vehicles adhere to environmental standards that limit the amount of pollution that vehicles can produce.Full Answer >
According to The Royal Society of Chemistry, platinum is mainly used inside catalytic converters in cars, trucks, and buses. Platinum is also used for electrical components, thermocouple elements, corrosion-resistance apparatuses and dentistry. Platinum is used extensively for jewelry, manufactured into metal gauzes for nitric acid production and as a catalyst to improve the efficiency of fuel cells. In medicine, platinum compounds are important for chemotherapy.Full Answer >