Converters-Plus, Auburn, WA (2026)

05/26/2026

Now buying catalytic converters from Canada.

Converters Plus is expanding our buying network with a physical location British Columbia for licensed salvage, tow, auto wrecking, repair, and dismantling operations.

We’re built for businesses that need fair converter pricing, clear communication, and a professional process from start to finish.

Local drop-off in British Columbia
Also serving WA, OR, ID, MT, NV, CA, AK & UT

Text or call Ryan: 206-399-2208

Ryan Cox

04/29/2026

Good morning — here are today’s morning bid indications (USD / troy oz).

Platinum (Pt): $1,855
Palladium (Pd): $1,422
Rhodium (Rh): $9,700

What’s going on this morning:

• Pt is lower by about $23 on the day
• Pd is down roughly $13
• Rh is mostly unchanged, with nothing major developing overnight

Main takeaway:
Pt and Pd are moving lower with the broader precious metals market this morning, while Rh is holding steady. The bigger market focus is on geopolitical pressure around Iran, oil supply, and what the Federal Reserve signals later today.

Bigger picture:
The US indicated it plans to continue its naval blockade of Iranian ports in an effort to pressure Tehran’s oil exports and push Iran back toward negotiations.

That matters because oil supply concerns can quickly affect inflation expectations, global risk sentiment, and the way investors position around precious metals, energy, and equities.

At the same time, markets are watching the Federal Reserve’s latest interest-rate announcement. Investors are looking for clues on how long policymakers are willing to stay patient before making any rate changes.

The 10-year Treasury yield moved slightly higher to 4.36%, which also matters for metals. When yields rise, it can put pressure on non-yielding assets like gold, silver, platinum, and palladium.

For now, Pt and Pd are softer, Rh remains quiet, and today’s Fed commentary could help set the tone for the next move.

As of 5:00 a.m. PT. Indications may fluctuate throughout the day.

04/27/2026

Good morning — here are today’s morning bid indications (USD / troy oz).

Platinum (Pt): $1,940
Palladium (Pd): $1,460
Rhodium (Rh): $9,675

What’s going on this morning:

• Pt is indicated at $1,940
• Pd is holding at $1,460
• Rh remains at $9,675
• Asian stocks moved higher while the dollar softened after reports that Iran offered the U.S. an interim proposal tied to reopening the Strait of Hormuz

Main takeaway:
PGMs are steady this morning, while macro sentiment is being driven by Middle East headlines, oil-route risk, Fed-related developments, and broader commodity supply concerns.

Bigger picture:
Markets are reacting positively after reports that Iran proposed an interim deal with the U.S. to reopen the Strait of Hormuz. Any movement around that route matters because it directly impacts oil, inflation expectations, shipping risk, and overall market sentiment.

There was also movement on the Fed side, with Senator Thom Tillis dropping his blockade of Kevin Warsh’s nomination after the DOJ ended a criminal probe targeting Jerome Powell. Central bank leadership and policy direction remain key watchpoints as markets weigh inflation pressure, rate expectations, and geopolitical uncertainty.

Outside of PGMs, nickel moved to its highest intraday level in nearly two years. Cuts to mining quotas in Indonesia, along with a global sulphur shortage, are tightening the supply outlook. LME nickel futures have risen roughly 10% since the start of the Iran war, as sulphur prices surge and raise concerns around potential disruptions to global mining.

As of 5:00 a.m. PT. Indications may fluctuate throughout the day.

04/24/2026

Good morning — here are today’s morning bid indications (USD / troy oz).

Platinum (Pt): $1,935
Palladium (Pd): $1,460
Rhodium (Rh): $9,675

What’s going on this morning:

• Risk-off sentiment has picked up over the last 24 hours
• Brent crude is holding above $100 a barrel
• Futures and Treasuries are both lower as geopolitical tension increases
• Pt, Pd, and Rh remain highly sensitive to broader macro headlines tied to energy and global risk

Main takeaway:
Markets are leaning risk-off this morning as tension around the Strait of Hormuz escalates again. With oil moving higher and broader macro pressure building, precious metals and PGMs are likely to stay reactive to geopolitical developments and inflation expectations.

Bigger picture:
The US reportedly intercepted two Iranian oil supertankers that were attempting to evade the blockade, adding another layer of tension to an already fragile energy backdrop.

That matters because the Strait of Hormuz remains one of the most important shipping routes in the global energy market. When control of that route is in question, oil prices tend to react quickly, and that ripples into inflation expectations, broader market sentiment, and interest rate outlooks.

Brent staying above $100 is helping drive that risk-off tone this morning, with both futures and Treasuries under pressure.

The market is also paying attention to Fed leadership headlines after Kevin Hassett signaled support for Jerome Powell remaining in place temporarily if a successor is not confirmed before his term ends next month.

That adds another macro layer for traders already navigating inflation pressure, geopolitical risk, and uncertainty around central bank direction.

As of 5:00 a.m. PT. Indications may fluctuate throughout the day.

04/17/2026

Good morning — here are today’s morning bid indications (USD / troy oz).

Platinum (Pt): $2,008
Palladium (Pd): $1,518
Rhodium (Rh): $9,650

What’s going on this morning:

• Pt and Pd spent much of the morning lower before rebounding closer to flat over the last 45 minutes
• Pt is still sitting slightly below yesterday evening’s close
• Rh is modestly higher as stronger bids continue to return to the market

Main takeaway:
Pt and Pd recovered nicely off the morning lows, Rh is showing a little more strength, and broader market sentiment is improving as traders lean into hopes of a possible deal between the U.S. and Iran.

Bigger picture:
Equities are pushing higher as speculation grows that a deal to end the war between the U.S. and Iran may be getting closer, encouraging traders to take on more risk after an already strong rally.

S&P 500 futures are up 0.3% after the index posted back-to-back record highs, and the benchmark is now tracking toward a third straight week of gains above 3%.

Meanwhile, Brent crude is down 3.3%, moving toward $96 per barrel after President Donald Trump said Iran had made key concessions in negotiations with the U.S.

That matters because easing oil prices and improving geopolitical sentiment are helping support a broader risk-on tone across markets. If that continues, macro headlines will likely stay front and center for metals and equities alike.

As of 5:00 a.m. PT. Indications may fluctuate throughout the day.

04/16/2026

Good morning — here are today’s morning bid indications (USD / troy oz).

Platinum (Pt): $2,075
Palladium (Pd): $1,552
Rhodium (Rh): $9,575

What’s going on this morning:

• Pt is up about $35 on the day so far and trading near session highs
• Pd gave back some early strength but is still up about $20 on the day
• Rh is slightly higher as stronger bids return to the market

Main takeaway:
Pt is showing the strongest momentum this morning, Pd is still holding a solid gain despite coming off early highs, and Rh is firming up as bids improve.

Bigger picture:
US stocks are holding near record highs, with technology shares helping support risk sentiment as investors watch for signs of progress toward a longer-term peace deal in the Middle East.

S&P 500 futures were little changed after the index closed above 7,000 for the first time, while Nasdaq 100 futures pushed higher before trimming some of those gains. That tells you the market is still leaning risk-on, even with geopolitical tension in the background.

From Bloomberg: Brent moved back toward $96 a barrel as traffic through the Strait of Hormuz remained heavily disrupted. Bonds also moved higher, especially in Europe, after central bank policymakers suggested they are in no hurry to raise rates. The dollar ended its eight-day losing streak, while gold pushed above $4,800 an ounce.

That matters because oil, rates, and geopolitical tension are all feeding into broader market sentiment right now. When crude stays elevated and shipping lanes remain constrained, markets tend to stay sensitive to inflation risk and macro headlines.

As of 5:00 a.m. PT. Indications may fluctuate.

04/15/2026

Good morning — here are today’s morning bid indications (USD / troy oz).

Platinum (Pt): $2,039
Palladium (Pd): $1,559
Rhodium (Rh): $9,525

What’s going on this morning:

• Pt and Pd are both about $10 above yesterday’s close after giving back some earlier gains
• Gold and silver are both lower on the day
• Rh is mostly unchanged overnight, with no major movement to note

Main takeaway:
Pt and Pd are still modestly higher, Rh remains steady, and broader market sentiment is being supported by easing geopolitical concern and stronger risk appetite.

Bigger picture:
US stocks are holding firm near all-time highs as optimism builds around a potential peace deal in the Middle East.

Stock and bond markets are continuing to price out much of the risk premium that had built up since the conflict began, as the US and Iran appear to be moving toward a second round of negotiations.

Investors have continued rotating back into equities even without a clear resolution in place, with technology names seeing renewed buying after underperforming for much of the year.

Meanwhile, gold and silver are both lower this morning, reflecting some softer safe-haven demand as confidence returns to the broader market.

As of approximately 5:00 a.m. PT. Indications may fluctuate.

Ryan Cox

04/14/2026

We’ve updated our pricing app access model.

Going forward, the app will be available for $30/month for licensed businesses.

Why the change? Because this is a serious business tool, and we want to keep access focused on active industry users who are actually moving material.

The app helps provide pricing visibility before shipment so yards, shops, and other qualified sellers can make more informed decisions.

This is not priced at our cost. We pay more than that ourselves. We’re offering it at a significant discount to keep it accessible for the right accounts.

Best fit for:
• Auto recyclers
• Salvage yards
• Tow yards
• Muffler shops
• Repair shops
• Qualified industry sellers

If you’re a licensed business and want access, reach out. 206-399-2208

Ryan Cox

04/14/2026

Good morning — here are today’s morning bid indications (USD / troy oz).

Platinum (Pt): $2,007
Palladium (Pd): $1,545
Rhodium (Rh): $9,475

What’s going on this morning:

• Pt gave back most of its early move but is still holding about a $5 gain versus yesterday’s close
• Pd is hovering around flat after also giving up earlier strength
• Rh is mostly unchanged heading into the U.S. session, with lighter liquidity again this morning

Main takeaway:
Pt and Pd are steady for now, Rh remains thin, and the broader market is still being driven by Middle East headlines, oil flow concerns, and inflation data.

Bigger picture:
The U.S. and Iran are reportedly weighing further talks to extend the ceasefire announced on April 7, while President Trump continues pushing a naval blockade aimed at limiting Iranian oil exports.

That matters because anything tied to oil supply and geopolitical tension can quickly move broader markets. When energy routes and export flows are in question, traders start reassessing inflation pressure, growth expectations, and the outlook for interest rates.

On the economic side, this morning’s focus is on PPI. March producer inflation is expected to come in higher, with core PPI year over year seen at 3.8% versus 3.5% in February.

If inflation prints hot, that could add another layer of pressure across commodities and risk markets as traders rethink the timing of future Fed cuts.

As of 5:00 a.m. PT. Indications may fluctuate.

Ryan Cox

04/14/2026

When people talk about catalytic converters, platinum and palladium usually get most of the attention. But rhodium is the metal doing one of the most important jobs inside the unit.

Every time a vehicle runs, exhaust gases move through the converter and pass over a coated substrate containing platinum, palladium, and rhodium. Each metal has a role. Platinum and palladium mainly support oxidation reactions, helping convert carbon monoxide and hydrocarbons into less harmful compounds. Rhodium handles something different — and harder.

Its main job is reducing nitrogen oxides, or NOx.

That matters because NOx is one of the toughest emissions challenges in modern vehicles. It contributes to smog and air quality issues, and rhodium is the key metal that helps break those compounds apart into safer gases. In real-world automotive use, there is no large-scale substitute that performs this job the same way.

That is a big reason rhodium carries so much weight in the converter market.

It is also one of the rarest platinum group metals. Unlike many other metals, rhodium is not typically mined on its own. It usually comes as a byproduct of other PGM mining, which keeps supply tight. At the same time, emissions standards have pushed demand higher. That combination is one reason rhodium has remained one of the most closely watched metals in the catalytic converter space.

Even though the actual amount of rhodium in a single converter may be small, its contribution to value can be significant. Across large volumes, those small quantities add up fast.

That is why converter recycling matters.

End-of-life catalytic converters remain one of the most important secondary sources of rhodium entering the market. Recovering PGMs from spent units helps keep valuable material in circulation, reduces reliance on new mining, and supports the broader supply chain that modern emissions systems depend on.

Bottom line: rhodium may be the least visible metal in the converter, but it plays one of the biggest roles — both in emissions control and in overall converter value.

Ryan Cox

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