The invention relates to metal cutting liquid, in particular to magnesium alloy cutting liquid, which comprises basic oil, nonionic surfactants, anionic surfactants, antirust agents, lubricating agents, coupling agents, corrosion inhibitors and bactericide raw materials. The unique recipe in the invention has the advantages that magnesium alloy can no generate color change corrosion phenomena after being continuously soaked for more than 30 days at 55 DEG C in 5 percent diluent, the hydrogen release phenomenon of the magnesium alloy in water can be effectively inhabited, in addition, the hardwater resistance of the product is as high as 10000 ppm, and in addition, the work liquid can be used for more than half a year. At the same time, the invention has excellent performance such as rust prevention, lubrication, cooling and the like. In addition, the cutting liquid can be used for processing the magnesium alloy, and can also be used for processing metals such as aluminium alloy, cast iron, stainless steel and the like.