The present invention discloses an electrode materials of composite rare-earth iridium alloy that is a noble metal alloy containing Ir. The noble metal alloy contains 99.5-99.9 wt% Ir and 0.10-0.50 wt% X; the X is one or a mixture of some of the La, Nd, Pr, Y, Sm, Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu, Ce; the noble metal alloy can also contains Th and Al added at the same time. The invention also discloses a sparking plug of composite rare-earth iridium alloy, includes a center electrode and at least a lateral electrode, ignition tip of the center electrode and / or the lateral electrode is the noble metal alloy. The invention provided electrode materials has advantage of high-temperature resistance, strong high-temperature corrosion resistance and excellent performance price ratio; sparking plug of using the electrode materials can provide strong spark on time even the motor is in high-speed, high-temperature high-pressure condition.