The invention discloses an elevator counterweight block and a production method thereof. The counterweight block comprises a shell, a composite material filled in the shell, a metal mesh coated in the shell by the composite material as well as a cover plate fixedly connected with the shell. The composite material comprises the following raw materials in parts by weight: 50-80 parts of cement, 150-200 parts of hematite, 3-5 parts of a cement additive, 5-10 parts of an adhesive, 5-8 parts of an antifoaming agent, 3-5 parts of an anti-cracking agent, 3-5 parts of a water reducing agent, 5-8 parts of dense agent, 2-5 parts of a hardening agent, 1-3 parts of expansion coordination agent and 20-50 parts of water. According to the invention, the counterweight block is reasonable in design, the final compressive strength of the counterweight block is ensured to be greater than 30MPa, and the cost of the counterweight block is reduced on the premise that the performance of the counterweight block is not reduced; the composite material of the counterweight block is scientific in proportioning, and the specific gravity of the counterweight block reaches 3.6g/cm<3>; the counterweight block is compact in structure and excellent in strength and does not generate cracks after being used for a long time; and the size of a well is not changed, and meanwhile, the cost of the counterweight block is lowered.