The invention relates to a technological method for producing lead-calcium rare earth alloy based on waste lead grid mesh of waste lead-acid batteries, and belongs to the field of comprehensive recycling of waste lead-acid batteries. The technological method comprises the following steps: melting waste lead grid mesh at a low temperature in a smelting pot while controlling the melting temperatureat 350-500 DEG C, adding ash slag, adding a copper removal agent to remove copper and obtain a copper-lead liquid; heating the copper-lead liquid to 580-650 DEG C, adding an antimony-arsenic removal tin-retaining agent to remove antimony and arsenic and obtain a tin-containing lead liquid, and then purifying the tin-containing lead liquid, and adding tin-calcium-aluminum rare earth RE to prepare the lead-calcium rare earth RE alloy. The lead-calcium rare earth alloy produced has basically the same tensile strength, density, hardness and corrosion resistance as a lead-based alloy prepared by the original electrolytic lead, and meets the requirements for the use of a battery grid alloy. Advantages: The process is simple, the operation is convenient, the production efficiency is high, the valuable metallic tin in the waste lead grid mesh is effectively utilized, the production cost of the lead alloy preparation is reduced, the antimony-arsenic removal reaction process is smokeless and odorless, and the work environment is good.