With Russia owning most of the supply of palladium used in catalytic converters, and the current price hovering around $3000 an ounce, catalytic converter theft is on the rise. I sincerely hope our local legislators are proactively ensuring that all existing laws and oversight on scrapyards buying these converters as scrap are strictly enforced.. Requiring a no loopholes scrap law is essential to prevent local residents from paying well north of $1000 for something the thief may have received $100 for. My understanding that current laws lack enforcement, for a problem that will only get worse