The invention discloses an aluminum alloy material capable of being used for manufacturing a cylinder cover. The aluminum alloy material is characterized by consisting of the following components in percentage by mass: 45-50% of waste aluminum intermediate alloy powder, 7-7.5% of silicon, 3% of glass fiber powder, 0.4-0.45% of zinc, 0.2-0.25% of magnesium, 0.06-0.08% of scandium, 0.01-0.02% of arsenic, 0.05-0.07% of titanium and the balance of aluminum. According to the invention, by optimizing alloy components, adopting a scientific and reasonable thermal treatment process, and adding a rare earth element scandium, the aluminum alloy material has degassing effect; a smelting process is simple, scientific and easy to operate, complex operation equipment is not required, mechanical property, especially high-temperature mechanical property of the alloy can be improved, the stability of a strengthening phase can be improved, separation and growth of the strengthening phase can be prevented, and impact resistance of the alloy is improved. The product has high strength, light weight, good resilience force, and various qualified indexes, and is suitable for producing an engine cylinder cover.