The application provides a low-cost high-
toughness aluminum
alloy material and a preparation method thereof. The aluminum
alloy material comprises the following components in percentage by
mass: Si 9.0-10.0%, Mg 0.4-0.6%, Fe 0.55-0.7%, Mn 0.4-0.5%, Cu 0.25-0.32%, Zn 0.2-0.4%, Ti 0.02-0.04%, Sr 0.02-0.04%, the balance of Al and inevitable impurities, and the total content of the inevitable impurities is less than 0.25%. The aluminum
alloy reduces the content of
noble metal elements such as Cu, adopts low-cost alloy elements such as Si, Mg and Mn, allows a high
Fe element content to adapt to the preparation of the alloy by using recycled aluminum raw materials, simultaneously uses Sr to modify the
silicon phase in the alloy, and adds Ti elements to refine the alloy organization. The content of Si, Fe and Mn elements in the alloy satisfies 0.075*Si content-0.05%>=
Fe content, and Fe+Mn>=1.0%. The obtained alloy can be used for high-
pressure casting, low-pressure or differential-
pressure casting processes, and can be simultaneously used for the production of high-pressure cast automobile suspensions and low-pressure or differential-pressure cast
calipers, and has excellent strength and
toughness.