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Catalytic converter sales typically involve the collection and processing of used converters, which contain valuable metals such as platinum, palladium, and rhodium. Sellers collect the converters from various sources, such as auto repair shops or scrap yards, and then send them to refining companies. These companies extract the precious metals, which are then sold on the commodity markets or used in manufacturing new products. The return for the seller depends on the metal content of the converters and current market prices for these metals.