The present invention belongs to the preparation techonlogy of electric alloy material. The electric contactor material consists of Ag 85-90 wt%, SnO2 5-20 wt% and blended metal oxide 0.5-8 wt%. The blended metal oxide is ZrO2, ZnO, TiO2, MnO2, WO3 or Sb2O3. The electric contactor material is prepared through coating oxide through chemical plating with plating liquid with dispersant, mixing the coated pwoder and silver powder, pressing, sintering, hot extruding, cold drawing or cold rolling, and making rivet or punched product. The present invention has the features of homogeneous oxide dispersion, good fusion welding resistance, high arc corrosion resistance and less electric transfer. The production process is simple, practical, low in cost and suitable for large scale production.