Ammonium paratungstate (APT) is prepared using tungsten-cobalt alloy waste and tungsten concentrate as the main raw materials, using advanced energy-saving and environmentally friendly hydrometallurgical processes. The production process includes raw material pretreatment, roasting, ball milling, alkali boiling and decomposition, filtration and washing, ion exchange purification and evaporation crystallization. First, the crushed raw materials are sent to an electric shuttle furnace and roasted at 825 to 850°C for about 3 hours to convert tungsten into tungsten trioxide. After the roasted material is refined to more than -320 mesh by wet ball milling, it is decomposed by alkali boiling with sodium hydroxide solution to generate a soluble sodium tungstate solution. After plate and frame press filtration and multi-stage washing, the filtrate is combined to form a high-concentration sodium tungstate solution (pre-exchange solution). Subsequently, sodium tungstate is converted into a high-purity ammonium tungstate solution through the anion exchange process in the steps of adsorption, washing, desorption and column washing. Finally, after removing molybdenum and purifying the ammonium tungstate solution, it is sent to the crystallization pot for evaporation and crystallization by steam heating to obtain high-purity ammonium paratungstate (APT) product.