Currently, the rare earth market is experiencing a price polarization: the light rare earth market remains stable, while the medium-heavy rare earth market shows a slight weakness. The light rare earth market is mainly supported by oxide prices, with suppliers being supported by raw material costs and offering firm quotes. Meanwhile, most industry participants are optimistic about future prices, and suppliers have a strong reluctance to budge on prices. However, in contrast, the medium-heavy rare earth market is suffering from poor demand, with weak market purchasing demand. Some suppliers have lowered their quotes, resulting in low trading volume in the market. Overall, influenced by market demand, the rare earth market is experiencing a price polarization. However, with the gradual approval of export controls and the recovery of end-use demand, the future outlook for the rare earth market is positive.