Currently, the rare earth market is operating steadily overall. With the end of the peak period for concentrated restocking by magnetic material enterprises, market transactions have slowed down. Most magnetic material enterprises have completed their restocking and are now observing the tendering situation of major magnetic material manufacturers, leading to a strong wait-and-see sentiment in the market. In the oxide market, prices remain firm, with most market participants holding an optimistic view of the future rare earth market and unwilling to sell at low prices. In the medium-heavy rare earth market, however, due to weak end-use demand from downstream terminals and the fact that the restocking focus of magnetic material enterprises is mainly on the light rare earth market, transactions in the medium-heavy rare earth market are relatively sluggish. Magnetic material enterprises are making just-in-time procurement based on order situations. Overall, with the conclusion of concentrated procurement, the rare earth market remains stable, and the wait-and-see sentiment persists.