Thursday, May 1, 2008

How free trade affects thievery, part II

Yes commodity prices are high:

A thief sneaked under the sport utility vehicle with a battery-powered saw, slicing from the Toyota's underbelly what may be one of the most expensive small parts of the auto world: the catalytic converter, an essential emissions-control device made with small amounts of metals more precious than gold. Who knew?

...Theft of scrap metals like copper and aluminum has been common here and across the country for years, fueled by rising construction costs and the building boom in China. But now thieves have found an easy payday from the upper echelon of the periodic table. It seems there may not be an easier place to score some platinum than under the hood of a car...

The catalytic converter is made with trace amounts of platinum, palladium and rhodium, which speed chemical reactions and help clean emissions at very high temperatures. Selling stolen converters to scrap yards or recyclers, a thief can net a couple of hundred dollars apiece.

Here is the story.  Here is part I in the series.  Here is a man who died trying to extract gold from his computer.