2023 Wrap Up & 2024 Predictions for Catalytic Converter Scrap Prices

📈 Check Scrap Prices: iScrapApp.com/ - Check out the nuances of the 2023 Scrap Catalytic Converter Market. As we predicted, prices remained subdued due to reduced car sales and lower consumer demand for precious metals. Responding to high 2022 prices, car manufacturers changed palladium usage and saw a significant drop in rhodium prices. With the surge in electric vehicle sales, the demand for catalytic converters has diminished. Looking ahead to 2024, expectations for significant changes or price increases are low, while the outcome of the US election adds an element of uncertainty.
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