In this paper, both oxidation and corrosion resistance of low-carbon magnesia-carbon materials containing 4.0wt% graphite with metallic Al and Mg-Al alloy powders as antioxidants were investigated. Meanwhile, the microstructures of samples corroded by slag were observed with optical microscope as well. The test results revealed the properties of oxidation and corrosion resistance of low-carbon magnesia-carbon materials could be improved obviously by adding metal Al powder and Mg-Al alloy powder. The rule of improving oxidation resistance was illegibility when metal Al powder and Mg-Al alloy powder were added together. It was harmful to corrosion resistance by mixed adding metal Al powder and Mg-Al alloy powder into the materials, at the same time, the corrosion resistance would decreased with the increasing of Mg-Al alloy content. The corrosion resistance of samples with 0.5wt% or 3.0wt% Mg-Al alloy was better. The oxidation resistance and corrosion resistance of materials with metal Al or Mg-Al alloy respectively were better than that with mixed metal Al and Mg-Al alloy. As a result, Mg-Al alloy was more suitable for low-carbon composite materials than metal Al as additives.