The invention discloses a low-cost high-
plasticity soluble
magnesium alloy material and a preparation method thereof. The
magnesium alloy comprises the components of MgAlZn<c>Mn<d>Ca<e>Ni<f>Si<g>Sn<h>, wherein a, b, c, d, e, f, g and h represent the
mass fraction of each element, b ranges from 0.5%-15%, c is in the range of 0.1%-6%, d is in the range of 0.05%-2%, e is in the range of 0.01%-3%, f is in the range of 0.01%-6%, g is in the range of 0%-2%, h is in the range of 0%-5%, and the sum of a, b, c, d, e, f, g, and h is equal to 100%; and after
smelting,
casting, homogenization treatment, hot
extrusion and aging treatment are carried out, the required
alloy material is obtained. According to the low-cost high-
plasticity soluble
magnesium alloy material and the preparation method thereof, compared with the prior art, the
magnesium alloy material prepared by the components and the process is adopted, the cost is low, the production is convenient and fast, a finished product hasgood strength and high
plasticity, and can be rapidly dissolved in a solution containing a microscale
electrolyte, the low-cost high-plasticity soluble
magnesium alloy material is suitable for a soluble downhole tool used in
oil processing and preparing and gas field fracturing process, the downhole tool prepared by the material is adopted and can be self-dissolved after service is finished, the subsequent procedures such as flowback, drilling and milling can be omitted, the construction efficiency is greatly improved, the construction cost is saved, and the
energy consumption is reduced.