Zirconium, a critical rare metal with exceptional corrosion resistance and nuclear applications, is conventionally produced via the energy-intensive Kroll process. The electrolysis of ZrC_xO_y soluble anodes has been extensively investigated due to its advantages in having a short process flow and resulting in high-quality products. In particular, during the electrolysis of zirconium oxycarbide with a C:O molar ratio of 1:1, gaseous CO can be released, and no residual anodes are generated, which is extremely appealing. In this regard, this paper explores the feasibility of preparing zirconium metal through high-temperature vacuum reduction to produce zirconium oxycarbide using ZrO₂ as the raw material, followed by direct molten-salt electrolysis. Firstly, the reduction products were characterized using an X-ray diffractometer (XRD) and a scanning electron microscope (SEM). The results showed that under a vacuum of <10 Pa at 1750 °C, the reduction products mainly consisted of ZrC_xO_y and a small amount of ZrO₂, and they exhibited good electrical conductivity (0.0169 Ω·cm). Subsequently, the cyclic voltammetry test results of the reduction products revealed the reversible redox behavior of ZrC_xO_y. There were characteristic oxidation peaks at −0.53 V and −0.01 V (vs. Pt), corresponding to the formation of Zr²⁺ and Zr⁴⁺, respectively, and a reduction peak at −1.51 V, indicating the conversion from Zr²⁺ to Zr. Finally, β-zirconium metal with a purity of 99.2 ± 0.3 wt.% was obtained through potentiostatic electrolysis, and its quality met the R60704 grade specified in ASTM B551-12 (2021). This study offers a novel approach for the short-flow preparation of zirconium metal, which is conducive to expanding its applications.