Catalytic Converter Prices: Platinum, Palladium and Rhodium Update

Catalytic converter prices peaked dramatically in 2021-2022 when palladium and rhodium hit all-time highs. Since then, prices have moderated — but they remain well above pre-2020 levels.

What's in a catalytic converter

Catalytic converters contain platinum, palladium, and rhodium — the platinum group metals (PGMs). The exact mix depends on the type of converter (petrol, diesel, diesel particulate filter). Palladium-rich petrol converters typically dominate the high-value end of the market.

Current PGM price environment

Palladium prices have retreated significantly from their 2022 peak as EV penetration reduces future demand projections and autocatalyst recycling supply increases. Rhodium has followed a similar pattern. Platinum has been more stable.

What this means for sellers

Converter values are lower than at the 2022 peak but still substantial. A typical petrol car converter might fetch $80-200 at a Canadian yard. SUVs and trucks command more. Diesel converters (especially diesel particulate filters/DPFs) can still command very high prices due to platinum content.

Get multiple quotes

Converter buying is competitive. Prices can vary by $50-100 between yards for the same converter. Take photos of the converter showing the part number before selling.