The present invention provides a graphite aluminum-magnesium alloy grounding material which is obtained through the following steps: placing the graphite into a mixed solution of hydrochloric acid and nitric acid for immersing and acid washing twice for changing the inner structure, after rinsing until the pH value gets to 7.0, dewatering for high-temperature swelling, expanding the graphite worm to 50-70 times of normal volume; adding magnesium powder, aluminum powder, manganese powder and zinc powder, mixing to uniform; executing extrusion forming to the graphite worm under the pressure of 5-8MPa for forming a graphite worm bland; and executing high temperature sintering. According to the invention, the graphite is added with metallic ions of magnesium, aluminum, manganese and zinc. The graphite aluminum-magnesium alloy grounding material of the invention has the advantages of stable resistance value of product, good corrosion resistance, cathodic protection provided for the main grounding system, effectively reduced grounding resistance and delayed corrosion efficiency of main grounding network. The graphite aluminum-magnesium alloy grounding material of the invention is suitable for the grounding of high soil resistivity areas (mountain area, sand land, etc.) including the tower of transmission line, meteorological station and ecological monitoring station.