The invention relates to the technical field of coated plastic production, in particular to a preparation method of coated protective plastic capable of being bonded with metal, which comprises the following steps: S1, feeding raw materials; raw materials for manufacturing wrapping plastic are subjected to kneading and cold mixing treatment, kneading of the raw materials is completed through a kneading machine, side-by-side tangent differential arrangement is adopted, namely, the speed of one stirring paddle is high, the speed of the other stirring paddle is low, so that shearing force is generated, the mixed materials can be rapidly sheared due to different paddle speeds, and therefore the materials can be evenly mixed; cold mixing of raw materials is completed through the cold mixing machine, the cold mixing machine is provided with a cooling pipe, a cooling system is used for injecting a cooling agent into the cooling pipe through a water inlet, then the raw materials in a machine body are cooled, an automatic cutting machine is used for cutting a plastic film covered with release paper into a preset shape, and leftover materials are recycled; and the cut wrapping plastic finished products are collected and wrapped in a centralized mode, the metal parts can be directly wrapped after the release paper is torn off, and use is convenient.