The invention belongs to the technical field of metallurgy, and particularly relates to high-temperature aluminum and zinc liquid corrosion resisting alloyed gray pig iron and a smelting technology thereof. The high-temperature aluminum and zinc liquid corrosion resisting alloyed gray pig iron specifically comprises following elements including, by weight percent, 3.1%-3.3% of C, 1.9%-2.2% of Si,0.8%-1.0% of Mn, smaller than or equal to 0.06% of P, smaller than or equal to 0.03% of S, 0.15%-0.3% of Cr, 0.05%-0.15% of Ni, 0.05%-0.2% of Cu, 0.15%-0.25% of Mo, 0.02%-0.04% of light rare earth andthe balance Fe. Through the synergistic effect of electrolytic copper, chromium, nickel, ferromolybdenum, the light rare earth and other alloy elements, the content of pearlite in a base body is increased, the pearlite layer sheet thickness and sheet distance are obviously reduced, base body structure grains are fine, a graphite sheet formed through one-time crystallization is fine and disperse,a small number of ferrite base body structures are easily obtained, hardness can be better reduced, material toughness is improved, the metallurgical quality is good, and strength is high.