The rare-earth oxide nanoparticles along carbon nanotubes (CNTs) (M 2 O 3 /CNTs, M = Y, Nd, Sm) were prepared by in situ solvothermal method. Products were characterized by infrared spectroscopy, X-ray diffraction, transmission electron microscopy, energy-dispersive X-ray spectrometry, scanning electron microscopy, and Brunauer-Emmett-Teller method. M 2 O 3 /CNTs presented good morphology and large surface area. Furthermore, catalysis of M 2 O 3 /CNTs during the thermal decomposition of ammonium perchlorate (AP) was evaluated by differential thermal analysis (DTA). Compared with Nd 2 O 3 /CNTs and Sm 2 O 3 /CNTs, Y 2 O 3 /CNTs nanocomposites showed the best catalytic effect on the thermal decomposition of AP. With the addition of 2 wt.% Y 2 O 3 /CNTs nanocomposite, high decomposition temperature of AP decreased by 125.5 ∘ C, and the total DTA heat release increased by 2.027 kJ⋅g −1 .