Freeport-McMoRan great way to play copper demand, says DCLA's Sethi
December 17, 2025 • 1m 50s
? (Host)
00:00.110
silver
prices
as
we
mentioned
earlier
now
at
a
record
they
hit
sixty
seven
announced
earlier
on
gold
around
forty
three
hundred
up
sixty
five
percent
this
year
my
next
guest
likes
one
name
in
particular
in
the
metal
space
let's
bring
in
surat
seti
he's
the
managing
partner
at
? (Host)
00:13.910
DCLA
and
the
CNBC
contributor
surat
it's
great
to
see
you
and
one
of
your
favorites
is
is
a
name
that
you
know
i
i
those
of
us
who
lived
through
these
cycles
for
like
twenty
years
now
know
they
can
be
extremely
volatile
and
not
always
the
best
stewards
of
capital
overtime
that
? (Host)
00:27.710
said
hats
off
to
those
who
called
the
likes
of
freeport
as
great
plays
do
you
think
there's
juice
left
in
them
Sarat Sethi (Managing Partner)
00:35.030
i
do
kelly
for
numerous
reasons
i
mean
if
you
think
about
just
the
dollar
and
commodities
are
sold
in
dollar
and
if
the
view
is
hey
the
dollar
is
going
to
get
weaker
commodity
is
a
great
place
to
place
the
other
thing
about
freeport
it's
copper
and
copper
is
in
everything
that
Sarat Sethi (Managing Partner)
00:51.430
is
now
in
industrial
demand
whether
it's
transportation
data
centers
so
globally
we
are
just
short
the
supply
of
copper
we
haven't
built
a
copper
mine
in
ten
years
and
freeport
is
great
shepherds
of
capital
as
you
mentioned
and
it's
a
great
way
to
play
the
big
copper
demand
Sarat Sethi (Managing Partner)
01:07.390
that's
coming
up
over
the
next
decade
? (Host)
01:09.070
is
that
kind
of
your
you
know
i
know
we
were
talking
stock
specific
but
i
like
to
know
what
your
kind
of
macro
viewpoint
is
surat
on
the
world
do
you
do
you
think
the
dollar
keeps
weakening
i
mean
what
do
you
make
of
the
fact
that
palladium
and
gold
and
silver
and
cover
and
all
? (Host)
01:21.350
these
metals
are
soaring
Sarat Sethi (Managing Partner)
01:23.190
so
i
think
a
combination
of
yes
a
weaker
dollar
as
we
cut
interest
rates
going
into
next
year
but
also
inflation
i
think
the
market
's
telling
you
that
if
you
want
an
inflation
hedge
you've
got
to
be
in
commodities
and
so
you're
seeing
it
in
silver
and
all
the
other
commodities
Sarat Sethi (Managing Partner)
01:37.350
also
and
they're
all
kind
of
rising
at
the
same
time
so
i
think
investors
are
looking
at
this
as
a
hedge
in
their
portfolio
to
say
you
know
what
if
we
get
some
inflation
back
and
the
dollar
gets
weaker
commodities
a
great
place
to
play
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