A method for producing fluorinated boron nitride involves heating a reactor chamber, providing boron nitride in the reactor chamber, flowing fluorine and an inert gas through the reactor chamber, and exposing the boron nitride to the flowing gases and the heat. The method may include boron nitride that is exfoliated or non-exfoliated. The fluorinated boron nitride that is produced from this method may have a hexagonal crystal structure or a cubic crystal structure. The method may additionally comprise removing the fluorinated boron nitride from the reactor chamber and mixing it with a surfactant. A suspension may comprise particles of fluorinated boron nitride suspended in a fluid, which may be polar or non-polar, and may additionally include a surfactant. The fluorinated boron nitride may have a hexagonal or a cubic crystal structure. Furthermore, the boron nitride may be exfoliated or non-exfoliated.