Waste electrical and electronic equipment (WEEE) contains various valuable metals, making it a potential secondary resource for sustainable metal usage. Pyrometallurgical smelting is an efficient technique to recycle WEEE by extracting precious metals into copper matte and removing impurities into slags. The impact of WEEE impurities such as CaO and Al2O3 on the phase compositions of the smelting products attracts great attention for industrial metal recovery. This study clarified the impact of CaO and Al2O3 on the equilibrium phase compositions of copper matte and SiO2-saturated FeOx-SiO2-Al2O3-CaO slags. The high-temperature smelting experiments were taken at a controlled p(SO2) of 0.1 atm and 1300 °C, followed by quenching and electron probe microanalysis. The results showed that the copper and sulfur in the smelting system were highly deported into copper matte, and their distribution in matte was enhanced by increasing CaO and Al2O3 concentrations introduced by WEEE. The chemical copper dissolution in slags increased with increasing matte grade but decreased by adding CaO and Al2O3. The iron was preferentially concentrated in slags, and higher matte grades improved the iron distribution in slags. The current experimental results enrich fundamental thermodynamic data and help optimize WEEE smelting operations for efficient recovery of valuable metals.