Mukilteo Police: Rising precious metal prices may be driving catalytic converter thefts up

Mukilteo Police: Rising precious metal prices may be driving catalytic converter thefts up

It has been a while since police in Mukilteo have worked on a catalytic converter theft. It was a nationwide problem in 2022 but had since declined — until last week, when the department handled two cases. Police believe the thefts may be a symptom of a larger issue. Whenever there is global instability, the price of precious metals soars. Catalytic converters contain significant amounts of these precious metals. “Platinum, palladium, and rhodiu…