In this paper, the polyacrylonitrile (PAN) nanofibers and PAN nanofibers bonded with different transition metal (Fe, Co, Ni, and Cu) acetates were successfully prepared and their thermal oxidative stabilization process were analysed by Fourier-transform infrared spectra (FT-IR) and differential scanning calorimetry (DSC). The structural evolution of process was characterized by examining the FTIR spectral peaks generated at four different thermal oxidative stabilization temperatures. Based on the thermal oxidative stabilization rates obtained from each transition metal, Co-PAN and Cu-PAN are the only effective precursors for the thermal oxidative stabilization process and, according to differential scanning calorimetry, Co-PAN is the most effective and suitable precursor for the PAN with different transition metals. Although Co-PAN increased the exothermic reaction (ΔH) by approximately 140%, it alleviates the heat release rate (ΔH/ΔT) by approximately 44%.