Seems the alternator clutch pulley seized
It looks like you can buy just the alternator clutch pulley for around $40
That does seem odd that much rust is up there. Maybe the water pump is leaking onto the belt?
Don't think you need to immediately jump to replacing all spinning things BUT you should spin and listen to see if any others are coming to their end of life
You may want to replace the belt as well
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2002 S - old school third pedal
Seal Grey
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