The invention discloses a low 
porosity rate Al-Mg-Ca-rare-earth-based closed-
cell foamed aluminum 
alloy and a preparation method which are a foamed aluminum 
alloy with good 
corrosion-resistant performance, high strength, high finished product rate, simple method and low cost and a preparation method. The foamed aluminum 
alloy takes 
calcium carbonate as a 
foaming agent, the 
porosity rate is between 40 and 75 percent, wherein, the 
manganese accounts for 1 to 11 percent (
mass percentage) of the alloy, the 
calcium accounts for 0.5 to 5 percent (
mass percentage) of the alloy, the 
rare earth accounts for 0.10 to 1.2 percent (
mass percentage) of the alloy. The preparation method is that: the pure aluminum is heated up for melting, the melting body is added with the 
manganese equivalent to 1 to 11 percent of the mass of the alloy, the 
calcium equivalent to 0.5 to 5 percent of the mass of the alloy and the 
rare earth equivalent to 0.10 to 1.2 percent of the mass of the alloy, and kept for 10 to 30 minutes; the temperature of the melting body is ensured between 650 and 690 DEG C, the melting body is stirred for 2 to 12minutes with the speed of between 300 and 600rpm; the 
calcium carbonate equivalent to 0.5 to 5 percent of the mass of the pure aluminum is added into the melting body to stir so as to make the aluminum alloy melting body to be foamed, the low 
porosity rate Al-Mg-Ca-rare-earth-based closed-
cell foamed aluminum alloy is obtained after cooling.