[SMM Tin News Flash: Commerzbank: Sharp Rise in Memory Chip Prices May Weaken European Currencies]

Published: Apr 22, 2026 09:01

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Commerzbank noted that due to the sharp rise in memory chip prices in recent months, European currencies could be affected to some extent. This could deliver another terms-of-trade shock to the eurozone and Europe as a whole, in addition to the energy price shock caused by the war in Iran. Some of the countries with the largest trade deficits are eurozone members, including Italy, Portugal, and Germany. Poland, Hungary, the Czech Republic, and the UK also have trade deficits.

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