BEIJING, May 13 (Reuters) - Copper rose on Monday, underpinned by investors' hope for Fed rate cuts and rising demand in top consumer China and as supply disruptions lent support.

Three-month copper on the London Metal Exchange was up 0.6% at $10,060 per metric ton as of 0425 GMT, while the most-traded June copper contract on the Shanghai Futures Exchange advanced 1% to 81,050 yuan ($11,204.19) a ton.

After a softer-than-expected U.S. payrolls report for April and a Federal Reserve policy announcement, expectations have risen for rate cuts this year, with market participants awaiting U.S. inflation data to assess the prospects of rate cuts.

China's consumer prices rose for a third straight month in April, while producer prices extended declines, signalling an improvement in domestic demand, as Beijing navigates challenges in its bid to shore up a shaky economy.

However, new bank lending in China fell more than expected in April from the previous month and broad credit growth hit a record low, the central bank revealed on Saturday, raising the prospect of more action to support the economy.

Meanwhile, copper remained underpinned by a growing supply deficit that is likely to worsen if prices don’t rise enough to incentivise new mines, said ANZ research analysts.

They estimate that the price required to incentivise a marginal greenfield project was around $12,000 per ton.

Elsewhere, LME aluminium slipped 0.2% to $2,524.50 a ton, as investors assessed a jump in aluminium stocks in LME-registered warehouses last week.

LME nickel gained 0.3% to $19,005, tin climbed 0.3% to $32,190, lead moved 0.3% higher to $2,229, and zinc nudged 0.1% higher to $2,933.

SHFE aluminium fell 0.6% to 20,540 yuan, tin slid 0.2% to 262,440 yuan, while zinc increased 0.2% at 23,480 yuan, tin slid 0.2% to 262,440 yuan, nickel added 0.5% to 143,730 yuan and lead rose 1.3% at 18,225 yuan.

For the top stories in metals and other news, click or ($1 = 7.2339 Chinese yuan renminbi) (Reporting by Siyi Liu and Mei Mei Chu; Editing by Sherry Jacob-Phillips and Janane Venkatraman)