Since 2021, there has been a surge in thefts of three-way catalytic converters around the world.

The three-way catalytic converter is a metal device installed in the exhaust system of a vehicle. Its purpose is to reduce the pollutants released into the atmosphere when the internal combustion engine is running. They are made of precious metals, including platinum, palladium and rhodium.Although it was first introduced to the U.S. market in the 1970s due to EPA requirements. However, other countries began to pass laws mandating installation. That's because three-way catalytic converters have done an excellent job of reducing pollution in cities like Los Angeles, which have a serious "smog" problem.

With the increasing prosperity of many emerging markets, people have higher and higher expectations for personal travel. At the same time, the density of vehicles in global cities is gradually increasing. LMC Automotive estimated in 2017 that there are about 1 billion cars on the roads in the world, and this number may reach nearly 1.2 billion by 2018; Trend Force said that although the auto market has gradually weakened since 2018, plus due to the severe impact of the epidemic in 2020, the stocking kinetic energy of major module factories is obviously insufficient. However, the global auto market is recovering in 2021.

As the most important travel tool for current urban life, cars have become an important part of people's lives in all regions of the world.

There’s one commodity that’s seen a phenomenal gain in prices this year that may have been missed by some investors: rhodium’s value has climbed by more than 50%, extending a rally that saw prices for the metal nearly triple in 2020.