HANOI, May 11 (Reuters) - Prices of Shanghai copper slipped 1.5% on Tuesday, as investors exercised caution following a recent rally that pushed the metal to a record high while tepid demand from industrial buyers in top consumer China also weighed. The most-traded June copper contract on the Shanghai Futures Exchange was down at 75,600 yuan ($11,773.68) a tonne, as of 0237 GMT, slipping from a record high of 78,270 yuan a tonne notched in the previous session. Yangshan copper premium SMM-CUYP-CN fell to $38.50 a tonne, the lowest since February 2016, indicating subdued Chinese appetite for imported metal. Three-month copper on the London Metal Exchange rose 0.4% to $10,420 a tonne. FUNDAMENTALS * A union representing workers at BHP Group’s Escondida and Spence copper mines in Chile has called for a strike vote among its members after contract negotiations stalled. * A shortage of copper and dwindling inventories in the long-term are likely to propel prices of the industrial metal to levels beyond current record highs, unless scrap supplies rise significantly, analysts said. * About 50-80% of LME copper warrants are currently held by one party. <0#LME-WHL> * More than 90% of LME tin inventories and short-term futures are currently held by a party. <0#LME-WHT> * LME aluminium rose 0.8% to $2,552 a tonne, while ShFE nickel dropped 2.3% to 130,370 yuan a tonne, ShFE zinc declined 1.7% to 22,425 yuan a tonne and ShFE aluminium was down 1% at 19,890 yuan a tonne. * For the top stories in metals and other news, click or MARKETS NEWS * Asian shares declined in early trade as Wall Street retreated on worries about accelerating inflation, prompting investors to cut back on their exposure to growth-focused stocks on bets of higher interest rates in the not-too-distant future. DATA/EVENTS (GMT) 0900 Germany ZEW Economic Sentiment May 0900 Germany ZEW Current Conditions May 1400 US JOLTS Job Openings March $1 = 6.4211 yuan Reporting by Mai Nguyen, Editing by Sherry Jacob-Phillips Our Standards: The Thomson Reuters Trust Principles.