The ring expansion procedures over various forming velocities are calculated with ANSYS software in order to show the effect of forming velocity on ductility of rate insensitive materials. Ring expansion procedures are simplified to one-dimensional tension by constraining the radial deformation, with element birth and death method, fracture problem of circular ring are considered. The calculated results show that for insensitive materials of 1060 aluminum and 3A21 aluminum alloy, fracture strain increases corresponding to the increase of forming velocity. This trend agrees well with experimental results, and indicates inertia is the key factor to affect ductility; With element birth and death methods, fracture problems can be solved effectively. Experimental studies on formability of tubular workpieces are also conducted, experimental results show that the formability of 1060 aluminum and 3A21 aluminum alloy under electromagnetic forming is higher than that under quasistatic forming, according to the characteristics of electromagnetic forming, the forming limit diagrams of the two materials tube are also built respectively, this is very important to promote the development of electromagnetic forming and guide the engineering practices.