Currently, rare earth market prices continue to drop slightly. Downstream magnetic material enterprises have not seen any improvement in their orders, making it difficult for them to accept high-priced metals. Some enterprises still have inventory support, further suppressing market trading activity. Overall, offers and inquiries are not active. As a result, the prices of metals and oxides have both declined. Despite the price correction, they remain higher than the acceptable level for magnetic material enterprises, leading to tense relationships between upstream and downstream market participants. It is expected that in the short term, if the weak end-use demand persists, rare earth prices may continue to drop slightly.