PRC=Evil Black Sealant, which even smells like it is from hell PRC stands for "Pretty Rancid Crap."
A recent study about inter-granular corrosion seems it may be a bit more insidious than many thought. It turns out that many of the components that have been exhibiting this came from a specific time period of manufacture (of the raw metal itself) in the 60/early 70's. It is looking like it was more an issue of the alloying process than anything else. Inter-granular corrosion is the formation of corrosion cells between adjoining metal crystal boundaries. The difference in composition makes for an electrochemical potential across the boundary. The result is it forms a little battery (I am an expert on Electrochemical reactions, took that class twice, fist time I finished with a better understanding of the female's legs across the isle than the calculus involved. However when I re-took it, the professor the second time around felt we should concentrate on reactions, not calculus and no legs worth observing in the class).
So these little batteries get involved in facilitating the insertion of an oxygen atom into a marriage with the Aluminum, which so very badly wants to have one (one of the most plentiful molecules in the Earth's crust is Al-O2). The downside of aluminum getting one, it gets fat, a side effect of most marriages. As these crystals put on the pounds, they cause planar fractures that grow to the nasty lesions on your aircraft. As they grow, they allow a bit of moisture in, greatly accelerating the reaction.
If you are ever around Russian aircraft, they get it so bad around rivet heads, it looks like bullet exit holes. Even their props get it. Of course they don't fly old airplanes, so it isn't a problem. They use crappy, but cheap alloys, that they make thicker to offset its poor strength. But the bad production makes sense when you look at two identical components, lets say Twin Otter flap hangers. A high strength, machined, heat treated component. One will last forever and its mate on the other side of the aircraft will flake way to death. It is always the worst with parts that are worked and then heat treated. Heat treatment relaxes the stress and cause the crystals (grains) to relax stress between themselves. With an unfortunate side effect of promoting this condition.