4,000 Catalytic Converters Sitting ($400K Risk)

We sit down with Ben Davis of Davis Recycling to unpack what’s really happening in the catalytic converter recycling industry and why thousands of converters are still sitting in warehouses… untouched.

From shifting PGM loadings to misunderstood market timing, Ben shares:
• Why some recyclers are holding 4,000+ converters — and losing value by the day
• The surprising return of platinum in 2024–2025 model vehicles
• Why turbo engines now rival hybrids for metal content
• What late-model diesels are hiding (hint: high palladium)
• How converter pricing has evolved from 5 grades to 12,000 SKUs
• The tech every modern recycler needs to stay competitive
• VIN stamping legislation — and what it could mean for the industry
• Advice for shops waiting for the market to bounce back

Whether you're in converter recycling, scrap processing, or parts buying, this is the kind of ground-level perspective that you can only get from a seasoned expert in this industry.

📍 Recorded live at the 49th Annual International Precious Metals Institute Conference in Scottsdale, Arizona.

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Disclaimer: Videos are not buying/selling advice and the views expressed may not reflect those of noble6.