The invention belongs to the fields of metal materials and metallurgy, aims to solve the problems that impurities of alloy are hard to separate, ingredients are nonuniform, the utilization rate of rare earth element is low, precipitated rare earth phases are nonuniform, the segregation is more, and effects for the quality is great by adopting the manner that alloying, rare earth process, and casting are conducted in a pot during a conventional manufacturing technology process, and provides a manufacturing technology for rare earth-magnesium alloy. According to the manufacturing technology, conducting adding, refining, and degassing with hexachloroethane degassing agent of alloy element in a melting pot; and pouring into a second pot after standing for 30 min, adding rare earth, and standing and casing. A manufactured bar material has uniform and stable metallographic structure and clear crystal boundary; the product is without pore, shrinkage cavity and cold shut, and the surface is smooth and without rugosity; the purity, ingredients, and equilibrium of physical properties of the product are guaranteed, the grain size of the alloy is refined, very stable dispersed phase is precipitated, and the rigidity and the decay resistance of texture are improved; therefore, product performances are allowed to be superior to an ordinary alloy standard.