Magnesium aluminate spinel-corundum composite was prepared with waste slide plate and magnesia carbon brick. Microstructure and sintering ability of as prepared magnesium aluminate spinel-corundum composite were investigated with XRD, SEM, and DSC/TG. With the addition of waste slide plate increasing or synthesis temperature rising, the bulk density of the specimen increases and the apparent porosity decreases, but the crystallinity of the specimen decreases and the magnesium aluminate spinel phase increases. The obtained composite contains 72% spinel and 26% corundum. Primary phase and secondary phase are bonded by glass phase. The results show that it is feasible to synthesis magnesium aluminate spinel-corundum material with waste slide plate and magnesia carbon brick.