Lithium Americas plans $1.3B-$1.6B capex in 2026 amid mixed investor sentiment and China rare-earth concerns.

Lithium Americas is set to spend $1.3 billion to $1.6 billion on capital expenditures in 2026 for its Thacker Pass lithium project, with workforce nearly doubling. Investor sentiment has shifted from bullish to neutral due to concerns over share dilution, rising losses, and tariff risks. The company benefits from U.S. government backing, including a $867 million Department of Energy loan, and a GM joint venture stake. The market awaits the impact of China's potential rare earth export restrictions on March 25, which could influence Lithium Americas' future prospects more than earnings reports.