Currently, the rare earth market is operating steadily overall. The price of Pr-Nd alloy has risen slightly due to the support from oxide market quotes and the reduced supply of low-priced goods. However, constrained by weak end-use demand, the order situation for downstream magnetic material enterprises is not optimistic, and their acceptance of high-priced metals is average, limiting the increase in Pr-Nd alloy prices. In terms of medium-heavy rare earths, due to the stagnation of market transactions for terbium metal, some merchants holding goods have traded at lower prices, leading to a decline in market prices. However, constrained by cost factors, most merchants holding goods do not have a strong willingness to sell.