The application provides a high-
toughness (alpha+beta) dual-phase
magnesium-
lithium alloy rod and a preparation method thereof, and contains, in percentage by
mass, Li: 8-11%, Al: 2-6%, Sn: 1-5%,
rare earth elements (RE): 0.5-4%, Ca: 0-1%, Mn: 0-1%, Ag: 0-0.5%, and the balance of
magnesium and inevitable impurities, wherein the total amount of the impurities in the
magnesium-
lithium alloy material is less than 0.1 wt.%. The
processing procedure comprises vacuum melting to prepare an
ingot, homogenization annealing, upsetting-extruding pre-deformation, blank straightening and
cutting, multi-pass upsetting-drawing forming, low-temperature aging treatment, and mechanical
processing of the rod. The application adopts a method combining multiple plastic deformations for the (alpha+beta) dual-phase magnesium-
lithium alloy, promotes grain organization refinement and uniform distribution of strengthening phases, significantly improves the organization uniformity and mechanical properties, and finally prepares the high-
toughness (alpha+beta) dual-phase magnesium-lithium alloy rod, with a rod
diameter of greater than or equal to 200 mm, a room-temperature tensile strength of greater than or equal to 330 Mpa, and an elongation of greater than or equal to 10%.