Tribological properties of the semi-metallic friction materials containing different solid lubricants (graphite, $WS_2$, $MoS_2$) were investigated. The friction materials were fabricated with an experimental formulation and tested with gray cast iron disks. Results showed that graphite contributed to stabilize the friction coefficient during run-in processes. Also, graphite provided better fade resistance than that of $WS_2$ and $MoS_2$. At intermediate temperature ranges, however, friction materials with $WS_2$ or $MoS_2$ maintained higher friction effectiveness than that of graphite. On the other hand, friction materials containing $MoS_2$ showed increased wear rates than that with graphite or $WS_2$. Friction materials with proper combinations of two solid lubricants showed better friction and wear properties than that of the friction materials containing single solid lubricant.