This is probably the best suggestion as aluminium is well known for threads stripping especially on threads that are likely to be used frequently as it is so soft, at least the wheel nut would be steel and take a good thread. Clinch fasteners are usually used with sheet metal applications so not really suitable in this instance. If you must have the thread in the alloy these inserts would be the best solution as the thread that will take the screw will be stronger than an aluminium thread and unlikely to strip.

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