Recently, China Northern Rare Earth has been conducting daily online special auctions for 100 mt of Pr-Nd alloy at the Baotou Rare Earth Products Exchange since July 15, attracting significant market attention. Transaction data shows a step-by-step increase in prices: on July 15, the transaction price was slightly higher than the starting price; on the 16th, it rose to 567,500 yuan/mt and 568,000 yuan/mt; and on the 17th, it even reached the "alarm price" (the highest bid price) of 572,000 yuan/mt for this transaction. Meanwhile, the closing time of the auction also advanced day by day—from the 15th to the 17th, the closing time each day was earlier than the previous day, directly reflecting the sought-after nature of this batch of goods.