Catalytic converters are at the exhaust of the vehicles and remove the toxic gases that emerge during combustion. They have a certain amount of life. In addition, platinum, palladium and rhodium, which are among the most expensive metals in the world, are used in its manufacture. It is among the most attractive materials to be recycled due to its limited lifetimes and expensive raw materials.
Catalytic converter scrap is sold for 150-1000 USD. The price of catalytic converters also varies depending on the quality of vehicles. Catalytic converters are in the ‘valuable waste’ group. Its trade is very common all over the world. Catalysts are in great demand from recycling facilities.
Recycling is also most common in America and Canada due to the high price of catalytic converters in American cars. Especially in North America, there are many catalytic recycling facilities. Canada is also one of the countries where recycling is best done. Also, new investments related to recycling of precious metals are increasing day by day in Mexico.
Due to the development of the German, French, British and Italian automobile industry in Europe, catalytic converter recycling rates are also increasing. However, it is not enough. Today, the recycling rate of catalytic is 60% in Europe. It attracts attention with its catalytic converter collection and new recycling facilities in Poland, Hungary and Bulgaria.
One of the most successful regions in catalytic recycling is Australia. Recycling of precious metals in Australia and New Zealand is supported by both the government and investors. In addition, although there are some facilities in Japan, Korea, Taiwan and Hong Kong, it is not sufficient yet.
In the Middle East, especially Israel, is the country that attracts the most attention on catalytic converter recycling. There are also some small recycling facilities in Jordan and the United Arab Emirates. Many Arab investors are interested in recycling precious metals. In the coming years, the Middle East will develop considerably in terms of recycling facilities.