Pareto prefers Lundin Mining to Boliden at current base metal prices given Lundin Mining's growth and higher production of base metals, especially copper. Boliden is also under pressure from the smelter market and the company has a lot to prove after the setbacks of the past year.

This is evident from previews ahead of the upcoming Q3 reports.

Pareto has a buy on Lundin Mining with a target price of SEK 175, while the recommendation is keep on Boliden with a target price of SEK 320.