Abstract: A high-elongation rate aluminum alloy material and preparation method thereof. The high-elongation aluminum alloy material contains, in weight percentage, 0.30-1.20% of iron, 0.03-0.10% of silicon, 0.01-0.30% of rare earth elements, namely cerium and lanthanum, and the remaining aluminum and inevitable impurities. The aluminum alloy is made from materials through a fusion casting process and a half-annealing treatment. An aluminum alloy conductor made thereof has a high-elongation rate and good safety and stability in use.