How Much a Catalytic Converter Scrap Is Worth

There are many mentions of catalytic converters in the news and on social media. Most of them mention the value of these motor vehicle exhaust components. That has spurred the team at Fort Lauderdale Scrap Metal to provide this blog post. We are going to use it to help our customers understand the value of catalytic converter scrap parts.

Scrap catalytic converter buyers at metal yards are known to offer anywhere between $300 and $1500.

Why is these auto parts worth so much? The reason is because of the materials they contain, not for their metal shells. The metals inside the body are extremely rare and valuable. You will find small amounts of platinum, palladium, and rhodium in a converter. For example, there are between three and seven grams of platinum in a standard catalytic converter. A gram of platinum is currently worth more than $30 US per gram. Rhodium, by comparison, is even more pricey as it is selling for over $480 US per gram.

That is not to say that you will get an exorbitant payday when you bring an old catalytic converter scrap to your local metal recycling yard. You will get a reasonable amount, but don’t expect to get wealthy.

Contact us at Fort Lauderdale Scrap Metal to learn more.

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