A composition containing 30 to 70 percent chromium carbide, 5 to 20 percent soft noble metal, 5 to 20 percent metal fluorides, and 20 to 60 percent metal binder is used in a powdered metallurgy process for the production of self-lubricating components, such as bearings. The use of the material allows the self-lubricating bearing to maintain its low friction properties over an extended range of operating temperatures