The invention provides a preparation method of semi-micrometer cobalt powder. The preparation method of the semi-micrometer cobalt powder is low in cost and simple and practical, and products by means of the preparation method are high in purity. The preparation method includes that cobalt carbonate sediments are produced through reaction of cobalt chloride and ammonium hydrogen carbonate, reaction of the cobalt carbonate sediments and oxalate solution is carried out, when the reaction is stopped, reaction products are directly crushed through drying and air flow by centrifugal spray drying equipment, and therefore precursor powder which is fine and even in particle size and sphere-like in particle shape and mixed by oxalate cobalt and cobalt carbonate. The precursor powder is reduced in a superfine powder hydrogen reduction furnace and then comes out of the furnace after reduction, and then the precursor powder is kept in nitrogen or carbon dioxide for 12-24 hours for passivating treatment. Afterwards, the precursor powder is crushed by the air flow, paraffin wax and oleic acid are added in the precursor powder, the precursor powder is packaged so as to prevent cobalt powder from oxidation, and finally superfine cobalt powder is obtained by vacuum package. The semi-micrometer cobalt powder obtained by means of the preparation method has the advantages of superfine cobalt powder and sphere-like cobalt powder, is fine in particle size, narrow in distribution, small and even in partical size and can be widely used in battery industries and hard alloy products like numerical blades, bar materials, holding-up hammers and drills.