Currently, the rare earth market prices have seen a slight decline, primarily influenced by some suppliers reducing prices and selling off their stocks to cash in near the month-end, leading to a decrease in market transaction prices. However, due to the difficulties faced by separation plants in procuring low-priced ore raw materials, the quotes remain firm. Meanwhile, the metal market has been affected by the downward adjustment of oxide prices, with some suppliers also tentatively lowering their quotes. Nevertheless, the recent tenders for Pr-Nd alloy by large magnetic material producers have provided some support for metal prices. Overall, although the market prices have declined due to some traders reducing prices and selling off their stocks, the support from raw material costs and tenders by large magnetic material producers has resulted in an overall slight downward trend in market prices.