Graphite is a wonderful lubricant, where it is designed to be used, as in heavy gear trains, flexible cables ,and similar applications. What few people do not realize is that graphite is slick because it consists of very thin flat platelets that slide over each other very smoothly. The down side is that graphite flakes are also very hard. Much harder than many of the materials to which they are so unceremoniously applied. Do not apply graphite in any form to Aluminum, soft steel, or Brass. It will cut through the "hardened" (anodized, casehardened, or burnished) surface and then rapidly wear the underlying metal away.
Over the years several owners of expensive synthetic firearms have lamented that after applying graphite mixed with Lubri-plate grease, the weapon just wore out. Eaten up by the slick, but abrasive graphite held in suspension by the grease.😱