Fretting corrosion I would say. Looks like it is an external male female set of splines, which after use don't get used for a short while, oxidisation forms on the newly exposed (rubbed) metal, then the next time it is used the oxidisation (rust) is removed as the oxidised surface is ground into the base materials; hastening the process.
Wondering if what appears to be the remnants of lubrication showing, is residue from red lithium grease?