The invention relates to an aluminum alloy for a subway station ceiling and a preparing method of the aluminum alloy. The aluminum alloy is characterized by comprising chemical components, including by mass percent, 0.45% to 0.6% of Mg, 0.3% to 0.5% of Si, 0.1% to 0.3% of Mn, 0.1% to 0.2% of Cr, 0.1% to 0.3% of Zr, 0.1% to 0.3% of Hf, 0.05% to 0.2% of Ta, 0.05% to 0.15% of Cu, not larger than 0.05% of Zn, not larger than 0.20% of Fe, not larger than 0.05% of Ti, and the balance Al, wherein the single content of other impurity elements is not larger than 0.05%, and the total content of other impurity elements is not larger than 0.15%. The aluminum alloy is obtained through the preparing method of smelting, refining, casting and homogenizing. Through optimizing of alloy components, adjustment is carried out, the trace of Zr, Hf and Ta is added, and the strength, the heat dissipation, corrosion resistance, humidity resistance, fatigue resistance, static electricity resistance, recrystallization resistance capacity and breaking resistance performance of the aluminum alloy can be obviously improved.