I've only ever used water soluble cutting oil. I can mix it how I want or need it and simply squirt it on with a squirt bottle. I just bought a mister so that is what I will be using from now on.
When I was in trade school, we used white-lead. White lithium grease is readily available. There is also "never seez" and other brand extreme pressure lubricants for steady rests and dead centers
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