Shares in mining equipment manufacturers Sandvik AB and Epiroc AB fell as a slide in precious metal prices since the start of the year weighed on orders, according to Bloomberg Markets.

The decline in commodity values has reduced demand for new mining machinery, pressuring revenue outlooks for major suppliers. Both Swedish firms reported weaker-than-expected order intake in recent quarters, reflecting cautious capital spending by mining customers.

Analysts note that the downturn in gold and silver prices has particularly impacted investment decisions at precious metals producers, who represent a significant portion of equipment demand. The sector faces headwinds from macroeconomic uncertainty and fluctuating resource prices.

Investors are monitoring whether the order slowdown represents a temporary cycle or a more structural shift in mining capital expenditure patterns.