The invention discloses an Al-Li-V aluminum lithium alloy and a processing technique of the Al-Li-V aluminum lithium alloy, wherein the Al-Li-V aluminum lithium alloy has an anti-burning property whensmelted at the temperature of 700-800 DEG C. The Al-Li-V aluminum lithium alloy comprises the following components by weight percent: 2.0-8.0 wt.% of Li, 2.0-4.0 wt.% of V, 2.0-4.0 wt.% of Ca, 1.0-2.0 wt.% of Sr, 1.0-2.0 wt.% of Sn, 0.4-0.8 wt.% of In, 0.2-0.4 wt.% of Pr, 0.1-0.2 wt.% Yb, 0.5-1.0 wt.% of S, 1.0-2.0 wt.% of B, and the balance of Al. Through an optimized alloying method, the defectof the use amount of the alloy elements is greatly reduced, the quite excellent flame retardant effect is also acquired, and the ignition point of the alloy is greatly improved while the content of the flame retardant element is obviously reduced. The Al-Li-V aluminum lithium alloy does not burn obviously after being thermally preserved and standing for 5 hours within the scope of 700-800 DEG C under the atmospheric environment. The material has the mechanical property of the traditional aluminum lithium alloy, the yield strength is 400-650 MPa, the tensile strength is 500-750 MPa, and the percentage of elongation is 4-15%. The Al-Li-V aluminum lithium alloy has the high heat conducting property that the traditional aluminum lithium alloy does not have, the heat conductivity is 120-140 W / m.k, and the heat conductivity is of the traditional aluminum lithium alloy is about 85 W / m.k.