The invention discloses an ultrasonic dispersing-magnetic separating process for copper-molybdenum bulk concentrate. The ultrasonic dispersing-magnetic separating process for the copper-molybdenum bulk concentrate includes the following steps that a, pulp conditioning is conducted, specifically, the copper-molybdenum bulk concentrate is subjected to pulp conditioning to obtain copper-molybdenum bulk concentrate pulp; b, ultrasonic dispersing is conducted, specifically, an ultrasonic dispersing instrument is used for conducting ultrasonic dispersing on the copper-molybdenum bulk concentrate pulp, so that copper-molybdenum ore particles in the copper-molybdenum bulk concentrate pulp are dispersed, and agglomeration among the copper-molybdenum ore particles is eliminated; c, magnetic separation and roughing of copper are conducted, specifically, a magnetic separator is used for conducting magnetic separation and roughing of copper on the copper-molybdenum bulk concentrate pulp after the particle dispersing step, so that copper roughing concentrate and copper roughing tailings are obtained; d, magnetic separation and scavenging of copper are conducted, specifically, the magnetic separator is used for conducting magnetic separation and scavenging of copper on the copper roughing tailings, so that copper scavenging concentrate and copper scavenging tailings are obtained, and the copper scavenging tailings are molybdenum concentrate; and e, magnetic separation and concentration of copper are conducted, specifically, the copper roughing concentrate is subjected to magnetic separation and concentration of copper, so that copper middling and copper concentrate are obtained.