Prices of precious metals used in the manufacturing of catalytic converters continue to fluctuate rapidly, prompting emission product manufacturer BM Catalysts to put in place a ‘short term buying strategy’ to remain competitive.
Over the past two years, precious metal prices have increased significantly. Rhodium for example increased 210 percent during 2020, while other materials experienced similar price hikes.
Mark Blinston, BM Catalysts Commercial Director, said: “The price of precious metals has become very difficult to predict so we have reverted to a short term buying strategy to ensure we can react quickly. At the same time, as a leader in the manufacture of catalytic converters, we have been able to bring a number of process-driven efficiencies to the design, production, assembly and delivery of catalytic converters.”
Apart from increasing prices of new product, the value of scrap metals has once again made catalysts an attractive target for thieves, with police forces around the UK recording huge year-on-year increases of this type of offence.
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