Abstract: A non-consumable electrode for plasma-arc welding in an atmosphere of carbon dioxide or carbon-dioxide-based mixtures, includes a holder of copper or copper alloys and an active insert of hafnium embedded in the holder, with a hafnium oxycarbide layer disposed on the surface of the insert, the latter also including a graphite layer applied over the hafnium oxycarbide layer. A method of manufacturing the non-consumable electrode includes the steps of joining the holder of copper or copper alloys to the active insert of hafnium, connecting the holder to the negative pole of the power supply, placing the non-consumable electrode in an atmosphere of carbon dioxide, connecting an additional electrode to the positive pole of the power supply with an electric arc struck between the electrodes, forming a hafnium oxycarbide layer on the surface of the active insert at an electric arc current of up to 0.