The invention relates to a rare-earth electrode slurry of rare-earth circuit, based on the metal base board and a relative production, wherein it is characterized in that: said slurry is formed by solid material and organic solvent carrier, while their mass ratio is 70-90:30-10; the solid component comprises: silver, palladium, and yttrium composite power and micro-crystal glass powder, while their mass percentage is 99.4-94:0.6-6; said composite power is formed by silver, palladium, and yttrium powders at the ratio as 0.6-10:99-82:0.4-8; said micro-crystal glass is the one in SiO2-Al2O3-CaO-B2O3-Bi2O3-La2O3 group. And the production comprises: (1), preparing rare-earth micro-crystal glass powder; (2), preparing silver, palladium, and yttrium composite powder; (3), preparing organic solvent carrier; (4), mixing material in three-dimension and rolling with three rollers; (5), preparing the rare-earth slurry; (6), bottling. The invention is environment friendly and better humidity compatibility.