The invention relates to an oil-based lubricating composite and a preparation method thereof, in particular to a water-based 
copper and aluminum wiredrawing oil composite and a preparation method thereof. The water-based 
copper and aluminum wiredrawing oil composite comprises 
base oil, an emulsifier, an auxiliary emulsifier, a defoaming agent, a 
rust-proof agent, an 
antiseptic and an antiwear agent. The preparation method comprises the following steps of: configuring the water-based 
copper and aluminum wiredrawing oil composite into 3 percent to 45 percent water-based 
emulsion according to weight percentage; and spraying the water-based 
emulsion into a wiredrawing die cavity in the copper and aluminum wiredrawing process. The water-based copper and aluminum wiredrawing oil composite has the advantages of excellent lubricating property, great optimal light stability and storage stability, low cost, good 
cooling effect, fast 
heat transfer, little temperature increase in the using process, difficult 
combustion and easy cleaning and ensures the safety of the service environment; and in addition, a 
copper wire and an aluminum wire drawn by the method have the advantages of uniform wireshape, bright surfaces, difficult 
corrosion, good 
ultraviolet and storage stability and good stability.