Why Thieves Target Catalytic Converters, And How To Protect Your Car

(MENAFN- Investor Brand Network) A catalytic converter is a device found in car exhaust systems, designed to prevent toxic pollutants from being emitted to the environment. This device works by converting these harmful pollutants into safer by-products like nitrogen, carbon dioxide and water vapor. Its structure is coated with platinum group metals that act as catalysts which trigger chemical reactions that help transform the pollutants into less harmful substances.

The ongoing concerns about the rampant theft of catalytic converters show that companies like Platinum Group Metals Ltd. (NYSE American: PLG) (TSE: PTM) that focus on mining rare minerals like platinum, rhodium and palladium are onto something and stand to benefit from the increasing use of these...

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