Quoted: Did you read the link?
From what it says, duraluminum is what is commonly know as Aerospace/Aircraft grade aluminum.
It also says that 2011/14/24 are used for hardware, so I would say that you could use it for lugs nuts, but why not just use steel like everyone else? It is also likely exspensive.
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Yes, you COULD make lug nuts from 2000 series BUT they wouldn't last long. Aluminum has a finite stress limit, that means no matter how little stress you put on it, it will eventually fatigue and fail.
Yes, Kawasaki makes sintered aluminum valve springs for some of their bikes but that is still a trade secret. Lug nuts are threaded and due to the VAST differences in moduli of elasticity between the steel stud and aluminum nut, the threads will soon fail.
Look us strength of materials and machine element design, paying particular attention to fatigue life. Also note lug nuts are subject to wheel torque since that is a sliding vector. Right handed threads on the left side of a vehicle tend to loosen while those on the right side tighten. Most light trucks and cars use right handed threading on all wheels but larger trucks have and some older Chryslers had left handed threads on the left side for this purpose.