Angola’s State Oil Firm Looks to Tap into Critical Minerals

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Angola's state oil firm, Sonangol, is seeking to diversify into critical minerals such as lithium, uranium, and quartz, despite reporting a slightly lower net profit for 2025 compared to 2024.

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Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
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80%
Time Horizon
Short Term

Article Context

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Sonangol is seeking stakes and footprints in the development of critical minerals domestically, Sebastiao Gaspar Martins, the chief executive of Angola’s state-held oil company, has said. Sonangol on Wednesday reported slightly lower net profit for 2025 compared to 2024, but the company wants to capitalize on the critical minerals momentum. Sonangol has seven concessions for lithium, uranium, ?and quartz exploration, Gaspar Martins said, as carried by Reuters. “Sonangol wants to diversify into (critical minerals essential…

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Original article published by OilPrice.com on February 26, 2026.
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