Abstract: The present invention relates to lubricant compositions comprising a lubricant base containing alloy particles which comprises a dispersion of very fine lead particles in a copper matrix wherein the particles are substantively uniformly dispersed to provide a very fine microstructure. In general, at least 70% of the lead particles have an average diameter of less than about 100 angstroms with no more than about 30% having an average diameter larger than about 100 angstroms, and the alloy particles have a particle size in the range of from about 3 to about 10 microns.