The article in the url below contains a follow-up to the Palladium Newsletter of a couple of weeks ago (Strategic CSR – Palladium), which reported that the metal, palladium, is now worth more than gold. As a result, the criminal world is adapting:
"Soaring palladium prices are inspiring an unusual band of criminals: catalytic converter thieves."
The article reports that an epidemic is striking parked cars across Chicago. And when thieves strike, they are only interested in the catalytic converters, nothing else on the cars:
"Police in Chicago say perpetrators, who harvest the devices and sell the scrap metal, have converter theft down to a fine art. 'What tends to happen is that in the middle of the night, a group of guys come by with a truck and a reciprocating saw. They cut out the converter, throw it in the truck and drive away,' said Howard Ludwig, public information officer at the Chicago Police Department."
Sigh. Such is human nature.
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Thieves Target Palladium in Cars
By David Hodari
February 11, 2019
The Wall Street Journal
Late Edition – Final