<SEC-DOCUMENT>0001419653-25-000003.txt : 20251114
<SEC-HEADER>0001419653-25-000003.hdr.sgml : 20251114
<ACCEPTANCE-DATETIME>20251114125248
ACCESSION NUMBER:		0001419653-25-000003
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251114
DATE AS OF CHANGE:		20251114

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Alcoa Corp
		CENTRAL INDEX KEY:			0001675149
		STANDARD INDUSTRIAL CLASSIFICATION:	PRIMARY PRODUCTION OF ALUMINUM [3334]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				811789115
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-89700
		FILM NUMBER:		251483750

	BUSINESS ADDRESS:	
		STREET 1:		201 ISABELLA STREET
		STREET 2:		SUITE 500
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15212
		BUSINESS PHONE:		412-315-2900

	MAIL ADDRESS:	
		STREET 1:		201 ISABELLA STREET
		STREET 2:		SUITE 500
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Alcoa Upstream Corp
		DATE OF NAME CHANGE:	20160520

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Allan Gray Australia Pty Ltd
		CENTRAL INDEX KEY:			0001419653
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			C3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		LEVEL 2, CHALLIS HOUSE
		STREET 2:		4-10 MARTIN PLACE
		CITY:			SYDNEY
		STATE:			C3
		ZIP:			NSW 2000
		BUSINESS PHONE:		0061282248600

	MAIL ADDRESS:	
		STREET 1:		LEVEL 2, CHALLIS HOUSE
		STREET 2:		4-10 MARTIN PLACE
		CITY:			SYDNEY
		STATE:			C3
		ZIP:			NSW 2000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Orbis Investment Management (Australia) Pty Ltd
		DATE OF NAME CHANGE:	20111129

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Orbis Investment Management Australia (PTY) LTD
		DATE OF NAME CHANGE:	20071128
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:ns1="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001085146-25-001499</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001419653</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>3</amendmentNo>
      <securitiesClassTitle>CHESS Depositary Interests, each representing 1 unit of Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>09/30/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001675149</issuerCik>
        <issuerName>Alcoa Corp</issuerName>
        <issuerCusip>013872106</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <ns1:street1>201 ISABELLA STREET</ns1:street1>
          <ns1:street2>SUITE 500</ns1:street2>
          <ns1:city>PITTSBURGH</ns1:city>
          <ns1:stateOrCountry>PA</ns1:stateOrCountry>
          <ns1:zipCode>15212</ns1:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Allan Gray Australia Pty Ltd</reportingPersonName>
      <citizenshipOrOrganization>C3</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>14394651</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>14394651</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>14394651</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.6</classPercent>
      <typeOfReportingPerson>FI</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Alcoa Corp</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>201 ISABELLA STREET, SUITE 500, PITTSBURGH, PENNSYLVANIA
15212</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Allan Gray Australia Pty Ltd</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>LEVEL 2, CHALLIS HOUSE
4-10 MARTIN PLACE
SYDNEY, Australia
NSW 2000</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Allan Gray Australia Pty Ltd - AUSTRALIA</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>FI</typeOfPersonFiling>
        <otherTypeOfPersonFiling>Equivalent to IA.</otherTypeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>14,394,651</amountBeneficiallyOwned>
        <classPercent>5.6</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>Allan Gray Australia Pty Ltd - 14,394,651</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>Allan Gray Australia Pty Ltd - 0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>Allan Gray Australia Pty Ltd - 14,394,651</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>Allan Gray Australia Pty Ltd - 0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>Other persons have the right to receive dividends from, the power to direct the receipt of dividends from, or the right to receive the proceeds from the sale of, the securities of the issuer identified in Item 4(a) that are beneficially owned by Allan Gray Australia Pty Ltd.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Allan Gray Australia Pty Ltd is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Allan Gray Australia Pty Ltd</reportingPersonName>
      <signatureDetails>
        <signature>Matthew Gaarder</signature>
        <title>Attorney-in-fact</title>
        <date>11/14/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
