The invention relates to Libs system-based waste metal intelligent sorting equipment and method. The equipment comprises a conveyor belt system, an image collection system, an Libs system, a sorting mechanism and a main control computer. The method comprises the following steps that a waste metal sample is conveyed by the conveyor belt system, the image collection system performs image collectionon the waste metal sample, the Libs system performs effective recognition on the waste metal sample, the sorting mechanism performs accurate sorting on the waste metal sample, and various subsystems perform coordination work under the control of the main control computer. For the Libs system-based waste metal intelligent sorting equipment and method provided by the invention, by adopting the Libssystem to analyze the chemical characteristics of waste metal, the components of the waste metal can be effectively recognized, and high-difficulty sorting of two or more waste metals with similar components is realized; and by utilizing an air blowing sorting mechanism and matching with a high-frequency electromagnetic valve, the sorting efficiency of the waste metal can be greatly improved, andthe recognition accuracy and the recognition efficiency of the traditional sorting method are incomparable to the recognition accuracy and the recognition efficiency of the method.