Rising Platinum = Rising Problem
Jeremy Gutsche — August 3, 2008 — Autos
References: autoblog
Here's a problem you never anticipated: catalytic converter theft. In short your catalytic converter reduces pollution and keeps your car running smoothly. It does this by filtering out the carbon monoxide using a platinum filter.
With plutonium costs skyrocketing, catalytic converter theft is on the rise... Bandits (especially in Europe) sneak up to your car and remove the converter rendering your car a useless eco-hazard. Snap.
This rising trend has pushed Ford to begin adding serial numbers to each catalytic converter. In the UK, you can get a serial number added for around 11 pounds.
With plutonium costs skyrocketing, catalytic converter theft is on the rise... Bandits (especially in Europe) sneak up to your car and remove the converter rendering your car a useless eco-hazard. Snap.
This rising trend has pushed Ford to begin adding serial numbers to each catalytic converter. In the UK, you can get a serial number added for around 11 pounds.
Trend Themes
1. Catalytic Converter Replacement Technology - New technology to replace the platinum-based catalytic converter to increase efficiency and eliminate theft.
2. Vehicle Security Technology - Developing new security measures and technology to curb catalytic converter theft on vehicles.
3. Platinum Alternatives Development - Exploring alternative materials to replace platinum in catalytic converters to address the supply and demand issues that fueled theft.
Industry Implications
1. Automotive Industry - Car manufacturers, parts suppliers, and security companies have an opportunity to collaborate and innovate solutions to solve the theft and supply issues.
2. Precious Metals Industry - Investors and industry professionals can explore ways to reduce the dependency on platinum for catalytic converters through technology and alternative materials.
3. Environmental Industry - Environmental organizations can advocate for increased awareness of catalytic converter theft and the environmental impacts it has on communities.
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