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The present invention aims to prevent heating and ignition of a material powder of a rare-earth alloy while reducing the oxygen content thereof so as to improve the magnetic properties of the rare-earth magnet. A rare-earth alloy powder is compacted by using a powder compacting apparatus including : an airtight container capable of storing a rare-earth alloy powder therein; an airtight feeder box moved between a powder-filling position and a retracted position; and an airtight powder supply device capable of supplying the rare-earth alloy powder from the container into the feeder box without exposing the rare-earth alloy powder to the atmospheric air.