... would you mind elaborating on what happens when the electrolytic liquids spill onto the motherboard and on traces and are left there for a while? ...
Although it is in the nature of a 'transition metal' such as copper to be oxidized slowly by atmospheric oxygen, it corrodes most rapidly in the presence of many acids and alkalis, forming characteristically-coloured copper salts, hydroxides and carbonates.
By contrast, the 'poor metal' aluminium readily forms a hard, protective, surface oxide coating in air. In an electrolytic capacitor, that oxide coating is used as a thin-but-effective dielectric between an aluminium anode and an electrolyte-plus-aluminium cathode.
The electrolyte in capacitors of 20-odd years ago contained glycols, boric and organic acids, or their salts, with amines and ammonia, in a high-dielectric solution that was barely on the acidic side of neutrality. The electrolyte was contained in a spacer between the rolled foils, and ranged from liquid to gel-like in consistency.
Maintenance of the dielectric in a working electrolytic capacitor needs suitable pH in the electrolyte, and avoidance of prolonged reversal of polarity between the electrodes. Functionality of the capacitor as a charge store is dependent on maintenance of narrow limits of pH, water content and conductivity of added ions in the electrolyte.
When age, accident or planned ventilation cause a spill from an aluminium electrolytic capacitor onto a circuit board, the pH of the spilt goo (its acidity or alkalinity) is of less immediate concern than the aggressiveness of its solutes towards copper, perhaps amplified by remnant currents transmitted through either the goo or the traces. The chemical soup that constitutes the electrolyte needs little impetus to push it from pH~7 towards alkalinity when borate and ammonium ions are present. Certainly chemical and electrolytic corrosion of board traces is possible, as well as short-circuiting between traces. However, because water is the solvent in which chemical species must ionize in order for electrolysis to happen, water is also the best solvent to remove the goo, even if it is aided by a tiny addition of a non-polar detergent.
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