The invention discloses a preparation method of a cable material for rare earth based precision equipment. The preparation method comprises the following steps: preparing an activated adhesive from vinyltriethoxysilane, polymethylphenyl siloxane fluid, sodium metabisulfite, cyclosiloxane fatty ester, dimethyl phthalate, manganese acetate, sodium chromate, hexamethylenetetramine and the like as rawmaterials, and then, enabling the activated adhesive and raw materials including rare earth, ethyl methacrylate, polycarbonate, polysulfone, polymethyl methacrylate, polyalkylene glycol, rosin resin,barium ferrite, azobisisobutyronitrile, 6-methoxy-2-naphthaldehyde, hexadienoic acid, diethylene triaminepentaacetic acid, triethyl phosphate and the like to be respectively subjected to high-temperature internal mixing, magnetic stirring, mold casting, static cooling, water-cooled drawing, solid solution and aging and the like, thereby obtaining the cable material for the rare earth based precision equipment. The prepared cable material for the rare earth based precision equipment has good electrochemical properties and material stability and can be suitable for multiple precision equipment.