The compositions of the weight percentage of a holder material of high temperature and self-lubricating bearing are as follows, including cooper powder 1-7%, carbite powder 7-8% and nickel powder which holds the rest percentage. The powder is mixed on the tumbling ball mill with dry mixing, wherein the ball-to-powder mass ratio is 2:1, and the mixing time is 36h. The materials are formatted on the isostatic cool pressing machine, utilizing rubber mould to cold isostatic press directly with the isostatic pressing 200MPa and the time 5 min and sintered on the vacuum carbon tube furnace at a temperature of 1200DEG C-1300 DEG C, with the sintering time 1-2h. The material is supplemented pressure on the oil press, with the supplement pressure 600-700MPa and the material is annealed on the vacuum carbon tube furnace, with the annealing temperature of 800-900 DEG C, the sintering time 1-2h. The material of the holder has the advantages of high-temperature resistance and self-lubricating properity simultaneously and with working temperature no less than 300 DEG C, thereby the material can effectively provide sufficient lubrication for the holder to keep the holder operating regularly on the conditions of not having oil to lubricate or only water to lubricate.