Design/methodology/approach Graphene was modified using oleic and stearic acids to improve its dispersibility in lubricants. Various concentrations of MG were then introduced into a copper wire drawing lubricant to investigate their tribological performance. Wear mechanisms were evaluated with scanning electron microscopy, optical microscopy, Raman spectroscopy and energy dispersive spectroscopy (EDS). Findings The best concentration of MG is 1.5 Wt.%, at which the copper wire drawing oil exhibits a friction coefficient and wear rate of 0.085 and 2.11 × 10−6 mm3/Nm, respectively, representing decreases of 22.7% and 47.6% compared to the base oil. It was further found that the addition of 1.5 Wt.% MG to a copper wire drawing fluid with a water content of 70% resulted in a 30.3% reduction in friction coefficient compared to the base oil. Raman spectroscopy and EDS analysis confirmed that the MG tribo-film formed on the worn copper disc effectively minimized friction and wear. Originality/value This study analyzes the tribological performance of different concentrations of MG in copper wire drawing oils, establishing a basis for the application of MG in copper wire drawing fluids. Peer review The peer review history for this article is available at: https://publons.com/publon/10.1108/ILT-10-2024-0399/