<?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>
