The invention discloses a rare earth element containing aluminum material for an explosion-proof membrane. The rare earth element containing aluminum material comprises, by mass percent, 1.0%-1.4% ofFe, not larger than 0.25% of Si, not larger than 0.1% of Cu, 0.4%-0.8% of Mn, not larger than 0.5% of Mg, 0.05%-0.07% of RE and the balance Al, wherein Fe+Mn<=2.0%, and Fe/Si is 1.5-4.0. The inventionfurther discloses a manufacturing method of the rare earth element containing aluminum material for the explosion-proof membrane. Composite rare earth is added into a standing furnace, an Al-RE-B intermediate alloy is used as a refining agent to refine the aluminum alloy structure, and homogenizing treatment is carried out before hot rolling. By means of the rare earth element containing aluminummaterial, the mechanical property of the explosion-proof membrane for a lithium battery is effectively improved, excellent electric conductivity is kept, the microstructure is refined, the yield strength of a finished product of the explosion-proof membrane is larger than or equal to 50 MPa, meanwhile, ductility can reach 40% or above, and electric conductivity is 53.5%IACS or above.