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Catalytic converters contain precious metals more valuable than gold Thieves nationwide have taken notice

The pollution-control gadgets are full of precious metals like palladium, and prices are soaring as regulators try to tame emissions.

Thieves Nationwide Are Slithering Under Cars, Swiping Catalytic Converters

. Michael Kevane, an economics professor in San Jose, Calif., didn’t give a second thought to parking his 2005 Prius in his driveway one rainy evening last month. But the next morning, when his son Elliot went to start up the car, “it sounded like a jackhammer,” Mr. Kevane said. “The whole block could hear the noise.” The reason for the ruckus: A thief in the night had made off with the car’s catalytic converter, a critical emissions-control device that contains precious metals more valuable than gold. Two days later, Mr. Kevane’s sister, Jean, who lives in Los Angeles, had the catalytic converter stolen from her 2003 Honda Accord LX. “I thought, ‘This can’t be a coincidence,’” Mr. Kevane said.

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