The invention provides a method for producing aerated concrete by using water quenching copper tailings being subjected to copper selection iron extraction, wherein the process comprises 1, raw material breaking grinding, 2, pulping, 3, material preparing stirring, 4, casting, 5, static gas forming, 6, cutting, 7, autoclave curing, and 8, discharging out of the kettle and packaging. According to the method, water quenching copper tailings of copper smelting plant is subjected to second copper selections through a flotation process, magnetic separation iron extraction is performed through a rotary kiln high temperature reduction calcination process to obtain a copper tailings ore pulp, and 35-40% by weight of the conveyed tailings ore pulp, 45-50% by weight of silica sand mortar, 10-15% by weight of lime slurry and 3-5% by weight of cement are directly conveyed into a stirring tank according to a certain weight percentage ratio so as to be subjected to mixing stirring without the dehydration and grinding treatment process, wherein the concentration is 55-60%, the curing pressure is 1.3 MPa, the curing temperature is 180-200 DEG C, and the curing time is 8 h. According to the present invention, the environmental pollution problem caused by the copper tailings accumulation is released, the produced aerated concrete building block meets the standard requirement, the production cost is low, the product drying shrinkage value is low, and the comprehensive utilization of the resources and energy-saving emission-reducing are achieved.