People have made lower receivers out of aluminum basically forever. Aluminum could maybe be made to handle .22lr type pressures, but certainly not .223rem or bigger. A plastic lower is completely believable.
EDIT: to clarify, I meant if you wanted to make the whole gun out of aluminum you might be able to get away with it for a .22lr. Aluminum for a lower receiver is absolutely no problem at all. Apologies for not being clear.