Samsung SDI has made an equity investment in FINO, the Korean subsidiary of CNGR. The investment was carried out through participation in a third-party allotment capital increase. FINO announced on the 27th that it will issue new shares worth KRW 70 billion via a third-party allocation, totaling 14,294,467 common shares at an issue price of KRW 4,897 per share.

[SMM News Flash] According to reports, the Beijing Stock Exchange Listing Committee is scheduled to hold its 28th review meeting of 2026 on the morning of March 20 to examine whether Huzhou Anda Automotive Parts Co., Ltd.'s application for listing on the Beijing Stock Exchange meets the issuance conditions, listing requirements, and information disclosure standards. The pre-review prospectus submitted by Anda Co., Ltd. showed that the company planned to issue no more than 28 million new shares through this Beijing Stock Exchange listing and raise 280 million to invest in the "Intelligent Manufacturing Project for Key Lightweight Automotive Parts."

On June 12th, Amaroq Minerals announced it has raised £45 million in an oversubscribed equity offering to fund its strategic expansion in Greenland. The proceeds will support production growth at the Nalunaq gold mine, the establishment of a western operations hub, and the acquisition of the Black Angel lead-zinc-silver project for $10 million. The offering, priced at 85 pence per share, resulted in the issuance of nearly 53 million new shares—approximately 11.7% of the company’s share capital. Around 90% of the capital was raised from institutional investors across the UK, US, and Europe. Denmark’s EIFO fund subscribed for £11.3 million, becoming one of Amaroq’s top three shareholders. Amaroq aims to build a full-cycle mining enterprise in Greenland, with growing interests in copper, nickel, rare earths, lead, zinc, and silver. Upon completion of the planned acquisition, the company will become the largest mineral licence holder in Greenland, controlling a total of 7,501 km².

[Two Major South Korean Battery Giants to Deploy LFP Battery Capacity in the US] Recently, Samsung SDI and General Motors agreed to introduce an LFP battery production line for EVs at their joint venture plant in Indiana by 2027. Originally, the plant was only planned to produce ternary lithium batteries with a nickel content exceeding 80%, but now it will produce both types. Previously, Samsung SDI announced that it would raise 2 trillion won (approximately 9.96 billion yuan) through the issuance of new shares to invest in factories and new technologies in the US and Europe. The company will issue 11.821 million common shares at a price of 169,200 won per share. Samsung SDI plans to use the proceeds from the capital increase to invest in its joint venture with General Motors in the US, expand the capacity of its battery plant in Hungary, Europe, and invest in its solid-state battery production line facilities in South Korea.

On Monday, US Eastern Time, despite renewed trade tensions, the market continued to rise, with all three major indices closing higher. The Nasdaq led the gains among major indices, thanks to the rise in tech stocks led by Meta. (Minute-by-minute charts of the three major indices, source: TradingView) By the close, the Dow Jones Industrial Average rose 0.08% to 42,305.48 points, the S&P 500 rose 0.41% to 5,935.94 points, and the Nasdaq Composite rose 0.67% to 19,242.61 points. The US stock market had just experienced a robust performance in May. Strong gains in the technology sector, encouraging inflation data, and easing concerns over Trump's tariff policies drove a broad-based rally in stocks during the month. The S&P 500 rose more than 6% in May, marking its largest monthly gain since November 2023. However, US President Trump escalated the trade war again last week, announcing that he would raise tariffs on imported steel and aluminum from 25% to 50%, effective this Wednesday. The news weighed on auto stocks, with shares of Ford and General Motors both falling 3.9% on Monday. However, steel stocks surged on the tariff hike. Cleveland-Cliffs soared 23%, while Steel Dynamics and Nucor both rose 10%. "Investors are not entirely sure how these tariffs will play out next, or what the White House's next strategic move will be," said Anthony Saglimbene, chief market strategist at Ameriprise. Performance of Popular Stocks Most major tech stocks rose, with Apple up 0.42%, Microsoft up 0.35%, Nvidia up 1.67%, Google down 1.58%, Amazon up 0.80%, Meta up 3.62%, and Tesla down 1.09%. Most popular Chinese ADRs rose, with the Nasdaq Golden Dragon China Index up 0.53%. Alibaba rose 0.80%, JD.com rose 1.39%, Pinduoduo fell 0.07%, NIO fell 0.56%, XPeng Motors fell 0.26%, Li Auto fell 1.83%, Bilibili rose 0.87%, Baidu rose 1.42%, NetEase rose 1.18%, and Tencent Music rose 3.09%. Company News [BioNTech Surges 18%] Multinational pharmaceutical giant Bristol Myers Squibb announced on Monday that it had reached a licensing agreement with German biotech company BioNTech for the next-generation cancer drug BNT327, with milestone payments under the agreement potentially reaching up to $11.1 billion. If the new drug is successfully launched, the two companies will split global profits equally. According to information, BNT327 is a bispecific antibody drug targeting PD-L1 and VEGF-A. Currently, the drug is undergoing clinical trials for various solid tumors, including small cell lung cancer, non-small cell lung cancer, triple-negative breast cancer, hepatocellular carcinoma, neuroendocrine tumors, and mesothelioma. Influenced by this news, BioNTech's stock price rose by 18.05% at the close of US stock market trading on Monday. [Musk's xAI Reportedly Initiates $300 Million Share Sale, Valuation Reaches $113 Billion] According to media reports citing sources, xAI, the artificial intelligence (AI) company owned by the world's richest man, Elon Musk, is conducting a share sale transaction valued at $300 million, which sets the company's overall valuation at $113 billion. Sources familiar with the matter revealed that this transaction will allow xAI employees to sell shares to new investors and confirms the valuation agreed upon during xAI's previous acquisition of Musk's social media platform X. In March this year, Musk merged xAI and X Corporation, with the merged company's valuation set at $113 billion, including an $80 billion valuation for xAI and a $33 billion valuation for X. It is reported that this share sale is being conducted on the secondary market through a "tender offer," and it is expected that a larger round of financing will follow, during which xAI will issue new shares to external investors. [US Judge Cancels Scheduled Trial for Boeing 737 MAX Crashes] A federal judge in the US canceled the trial scheduled to begin on June 23 for the two air crashes involving Boeing 737 MAX aircraft operated by US-based Boeing. In October 2018 and March 2019, a Boeing 737 MAX aircraft operated by Indonesia's Lion Air and another operated by Ethiopia's Ethiopian Airlines crashed, resulting in 346 fatalities. Investigations found that the crashes were related to safety design flaws in the new software system of the aircraft model. During the process of obtaining airworthiness certification, Boeing intentionally concealed this risk from the US Federal Aviation Administration and failed to enhance pilot training for the software system. [Dimon: It Will Take "A Few More Years" to Retire from JPMorgan Chase] Jamie Dimon stated that it will take "a few more years" before he steps down from the top position at JPMorgan Chase, but the decision rests with the bank's board of directors. "It depends on God and the board," said Dimon, the 69-year-old CEO of JPMorgan Chase, in an interview. "I love my job," he said. Questions about when Dimon will retire and who will succeed him have been a focus of attention for years. Dimon used to joke that, whenever asked, the answer was always that he would retire in five years. However, recently he has stopped responding in this manner. In 2024, Jamie Dimon's compensation increased to $39 million, as the largest bank in the US broke its own record for the highest annual profit in the history of the US banking industry that year.

[SMM Analysis]According to March 2025 data released by ​​the China Power Battery Industry Innovation Alliance​​（CABIA）, China's power battery installations reached ​​56.6 GWh​​ that month, ​​marking a 62.3% increase from the previous month and a 61.8% year-on-year growth​​.