Yep, that whole thing is aluminum and really polishes up well.
Just an opinion, but on mine, for some contrast, I hit the centers of the hubs with a wire wheel. Makes
them look really clean, but not as polished. Makes good contrast with the outsides of the hubs and you
won't have to polish/clean them as much when you're reassembled and on the road again.
As for those 2 little plugs - they aren't aluminum, I just dadded some paint in there to make them
look new again.
The part you're pointing at - with the bearing and studs, should just lift out, it's just the rubber "cush drive"
that's in there. Makes polishing the hub much easier. Remember that the sprocket covers most of that
area - I didn't go nuts there, just shined it up a bit.
The green arrows are the part that I hit with the wire brush, along with the ridged centers