The objective of the present research is to develop a novel lubricant for Al-Cu-Mg P/M alloy and to address the effects of the lubricant and compaction pressure on sintered properties. A lubricant mixture consisting of Ethylene Bis Stearamide, Zn-Stearate, and fatty acid was newly developed in this study, and the de-lubrication behavior was compared with that of other commercial lubricants, such as Ethylene Bis Stearamide, Zn-Stearate, and Al-Stearate. Density and transverse rupture strength of sintered materials with each lubricant were examined, respectively. The microstructural analysis was conducted using optical microscope.