Item 8.01 Other Events.

On December 4, 2019, Alcoa Corporation (the "Company") issued a press release announcing additional actions that will reduce the Company's pension and other postemployment benefits (OPEB) liabilities by approximately $190 million, before remeasurements for the affected plans, in the fourth quarter 2019. As a result of the actions, the Company will record a non-cash settlement charge of approximately $75 million (pre- and after-tax), or $0.40 per share, in the fourth quarter of 2019. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. Forward-Looking Statements This Current Report on Form 8-K contains statements that relate to future events and expectations, including those relating to the Company's expectations regarding the reduction in liabilities and corresponding financial impacts from certain pension and other postemployment benefit actions, and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as "anticipates," "believes," "could," "estimates," "expects," "forecasts," "intends," "may," "outlook," "plans," "projects," "seeks," "sees," "should," "targets," "will," "would," or other words of similar meaning. All statements that reflect the Company's expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and changes in circumstances that are difficult to predict. Although the Company believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that these expectations will be attained and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in the Company's filings with the U.S. Securities and Exchange Commission. The Company disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law.

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Item 9.01 Financial Statements and Exhibits.




(d) Exhibits.

   Exhibit
   number            Description

     99.1              Press release of Alcoa Corporation dated December 4, 2019
   104               Cover Page Interactive Data File (embedded within the Inline
                     XBRL document)

The internet addresses in the press release attached as Exhibit 99.1 hereto are included only as inactive textual references and are not intended to be active links to the information therein. Information contained on such websites or platforms, or that can be accessed therein, do not constitute a part of this report.

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