A potential solution appears to come directly from the New York State Department of Motor Vehicles. This past week, New York DMV Commissioner Mark Schroeder addressed the press to explain why the precious metals inside catalytic converters are so valuable.
"Just to kind of give you an idea of how costly these metals are, as of December of 2020, Rhodium was valued at $14,500 per ounce," explained Schroer, leader of New York state's motor vehicle department since 2019. "Palladium was at $2,336 per ounce, and Platinum at around $1,000 per ounce. Nationwide, according to the National Insurance Crime Bureau."
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