Two differing processes with the mixture of aluminum and mercury.
The first process - oxygen is required This is a common classroom demonstration and the explanation is always that one is seeing oxidation of the aluminum facilitated by mercury's disruption of its oxide layer.
The second process - oxygen is not required
Liquid Metal Embrittlement. Hg wets the the grain boundaries, causing the grains to unzip.
Earlier this year in Moomba at a Natural gas processing facility a fire and explosion occurred due this phenomenon.
When Hg from entrained in the natural gas found it was into an aluminum coldbox (heat exchanger) causing a catastrophic event to occur.
Other LME pairs
Base Metal - Liquid Metal Environment
Aluminum - Gallium
Aluminum - Mercury
Brass - Mercury
C-276 (Hastalloy) - Silver Solders
Copper - Mercury
Copper Beryllium - Mercury
Cupronickel - Lead
8-9% Cr Martensitic Steel - Lithium
Steel - Lithium
Steel - Tin
ASTM A723 Steel - Indium
ASTM A723 Steel - Gallium
Austentic Stainless Steel - Zinc