Billionaire Facebook backer returns to commodities

The Russian tycoon who made $1.4 billion with an early bet on Facebook and still owns a stake in Uber Technologies is returning to the sooty old commodities industry that first made his fortune. Alisher Usmanov, 63, said he’s been investing in natural-resource producers as they rallied last year following three years of declining prices. The Bloomberg World Mining Index of shares jumped 38 percent in 2016 as concerns eased over China’s economy and prices for metals rose, with companies such as F...

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