Libyans sell catalytic converters to make money in hard times
https://www.independent.co.uk/news/w...-b1766420.html
Misrata market
Speaking to Independent Arabia, he said: “The price isn’t gauged by weight, rather by quality, which can be ascertained by the digital code or key inscribed on the converter which shows its value according to the prices listed in a special catalogue. The price is then estimated according to the current value of the dollar.”
Mr Al-Ojaili, who has been working in this field since 2005, highlighted that there are a large number of foreign traders who exploit people’s ignorance and their desperation for cash, by buying catalytic converters from them at extremely low prices. As for the palladium inside in the converters, its price is linked to several factors including the scarcity of this metal and limited global supply.
Hussain Al-Mahdi, who works in one of the workshops dealing with carbon, said: “The process of buying converters containing palladium, rhodium, and platinum involves Libyan as well as foreign representatives of American, British and German companies.” Mr Al-Mahdi denied reports that the metal is taken to southern Libya and used to purify gold.
Despite the controversy surrounding the sale of catalytic converters, car traders in Libya set the price for these boxes according to the value of their contents and the going price of the car, and advertisements for workshops dealing with carbon are publicised. Opinion remains divided between those who reject the idea totally on the grounds of protecting the environment and those for whom providing food and shelter to their families is a more pressing concern than the environment.
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