The average catalytic converter contains about 1-2 grams (0.0353 – 0.0705 ounces) of rhodium. It also has about 3-7 grams of platinum and 2-7 grams of palladium.
There are one to two grams of rhodium in the average catalytic converter. They may not sound like a lot, but a single gram of rhodium is worth over $450. If your converter has a full two grams, that's worth nearly $1,000 to a thief.
According to Waste Advantage Magazine, the average catalytic converter contains from three to seven grams of platinum, from two to seven grams of palladium, and from one to two grams of rhodium.
What Affects Catalytic Converter Scrap Value? Catalytic converter worth can range from $800 to $1200. Let's take a look at some factors that drive scrap catalytic converter pricing: The precious metal composition of the car part influences catalytic converter scrap prices.
Most catalytic converters contain one to two grams of Rhodium, worth an equivalent value in Australian currency of up to $680 to $1360.
And Rhodium is rare, obtained in very small quantities as a byproduct of platinum and nickel mining, principally in Canada and Russia. Because it is so rare in nature and so difficult to obtain, it is in great demand from sources that include jewelry and catalysts.
The Toyota Prius is one of the most targeted vehicles for catalytic converter theft because it contains more rhodium, palladium and platinum than any other vehicle and is worth approximately $2,000.
Rhodium is one of the rarest elements. It is estimated to make up only 0.0002 parts per million of the earth's crust. The largest known concentrations of it are in the Ural Mountains in Russia, in South Africa, and in Ontario, Canada.
For the recovery of rhodium from primary sources, ores are generally crushed, finely ground and then treated by flotation and magnetic methods to separate sulphide minerals. These sulphides are further separated to yield a nickel concentrate which contains most of the platinum metals.
By May 2020, the price decreased to below 8,000 U.S. dollars per ounce. In April 2021, the price rose to a new high of 28,775 U.S dollars, before decreasing throughout 2022 and early 2023. In May 2023, the average price significantly decreased, reaching 7,342.5 U.S. dollars per troy ounce.
Selling Rhodium Online. At Express Gold Cash we understand that selling your precious metals can be both sensitive and confusing. We work to make sure our customers are 100% satisfied. We accept all forms of scrap rhodium including rhodium bars, rhodium sponges, rhodium alloy wire, sheet, rods, foil, tube, mesh.
Right now, 1 Iridium is worth about ₹1.00.
However, typically, a catalytic converter contains between 3 to 7 grams of palladium. It's important to note that catalytic converters also contain other precious metals such as platinum and rhodium, which are used as catalysts to reduce emissions.
How Much Is The Platinum In A Catalytic Converter Worth? The average catalytic converter has 3 to 7 grams of platinum worth about $100 – $237. Platinum is more valuable than gold, silver, and even palladium and is a good target for thieves. As of 2022, the platinum price is $997 per ounce and $32.18 per gram.
Although the quantities vary by model, on average, only one standard catalytic converter contains about 3-7 grams of platinum, 2-7 grams of palladium, 1-2 grams rhodium.
RHODIUM. While the major use of rhodium (Rh) is in catalytic converters, 11% of production is used in glass-related applications, such as coatings for optic fibres and optical mirrors. Because it is also highly resistant to corrosion, it is used for thermocouple elements and crucibles.
according to the US Geological Survey for Mineral Commodities and GFMS Platinum Group Metals Survey 2016, the three largest producers of Rhodium in the world are 1- South Africa, 2- Russia, and 3- Zimbabwe.
You may have noticed magnets attract pieces of rhodium-plated jewelry. This is because rhodium is a paramagnetic metallic metal. This means that a magnetic force will attract rhodium-plated jewelry. The nickel impurities found in the core material of rhodium-plated jewelry are responsible for the attraction.
South Africa, Russia, and Zimbabwe are the major producers of rhodium ore, with South Africa being the largest producer.
Major producer of rhodium globally is South Africa-which has inherited more than 50% share of the production market, followed by Russia-which has about 6% share. Whereas U.S. & Canada have about 2.3% shares which is then followed by the mines in Zimbabwe.
There is no such thing as a primary rhodium mine, and the major producers are all located in South Africa.
Rhodium is a Precious Metal
It can handle even corrosive materials and is also safe in temperatures so high that platinum would have long turned into a puddle. It is not as well known as gold or platinum but it can bring in big bucks when you pawn it.
Rhodium metal is lustrous and silvery white. Rhodium has a higher melting point and lower density than platinum. It has a high reflectance and is hard and durable. Upon heating it turns to the oxide when red and at higher temperatures turns back to the element.
The only way to remove the rhodium finish is to mechanically polish it off. This is not difficult on a piece where all areas are accessible to polishing tools. However there are some pieces that have areas where all of the rhodium cannot be removed, under stones for instance.